Scimplify raises $25M to challenge China’s grip on critical materials with AI
Scimplify's annualized revenue run rate has tripled to $200 million as it eyes U.S. expansion.
Via TechCrunch
As manufacturers across industries strive to reduce their reliance on Chinese suppliers, Indian startup Scimplify has raised $25 million to expand its AI-powered approach to producing specialty chemicals and critical materials, with semiconductors, defense and energy emerging as key growth markets.
The all-equity strategic round was led by Hitachi Ventures, with customers Henkel and Teknor Apex joining as new investors. Existing backers Accel India, Bertelsmann India Investments, Omnivore, and 3one4 Capital also participated. The round values the Bengaluru-based startup at…
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