Nvidia backs Indian startup helping companies run AI models with fewer GPUs
Simplismart says its annualized revenue run rate has grown 14-fold in six months, with the U.S. accounting for more than half its revenue.
Via TechCrunch
As the AI boom strains computing capacity, Nvidia has backed Indian startup Simplismart in a $14 million funding round, betting on software that helps companies run AI models more efficiently and, in some cases, with fewer GPUs.
Nvidia participated in the all-primary Series B round alongside Accel, Shastra VC, and Micromax, with Dallas Venture Capital leading the investment. The deal values the four-year-old startup at about $100 million, including the new funding.
Companies are nowadays spending heavily on GPUs to…
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