ChainCatcher report, according to TechCrunch, NVIDIA participated in Simplismart, an Indian startup’s $14 million Series B round led by Dallas Venture Capital, with participation from Accel, Shastra VC, and Micromax. The round values the four-year-old company at approximately $100 million, including the new funding. Simplismart claims its software sits between AI models and compute infrastructure, automatically adjusting model deployment and management to optimize response times, request throughput, and compute consumption, enabling customers to better utilize their existing GPU resources. The company states its software helped the AI video generation platform InVideo reduce GPU service costs by 56%. Simplismart’s CEO, Amritanshu Jain, told TechCrunch that the company’s annualized revenue run rate has grown 14-fold over the past six months to reach a seven-figure amount, based on recent customer usage rather than contracted recurring revenue and excluding payments passed through to infrastructure providers; the U.S. contributes more than half of the revenue, despite having fewer customers in India.
Simplismart Completes $14M Series B Funding at $100M Valuation
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Summary
Simplismart closed a $14 million Series B funding round at a $100 million valuation, marking a major funding update in the AI + crypto news sector. Dallas Venture Capital led the round, with Accel, Shastra VC, and Micromax also participating. The India-based startup develops software that optimizes AI model deployment and resource utilization. Its solution reduced GPU costs by 56% for InVideo. CEO Amritanshu Jain said revenue has grown 14x in six months, reaching eight figures, primarily from U.S. clients.
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