Nvidia Joins $14M Series B in Indian AI Inference Startup Simplismart at ~$100M Valuation

2.3 · 4d ago · WORLD · AI

The Facts

  • Nvidia participated in a $14 million all-primary Series B round in Bengaluru-based Simplismart, alongside Accel, Shastra VC and Micromax; Dallas Venture Capital led the round. TechCrunch only
  • The deal values the four-year-old startup at about $100 million including the new funding. TechCrunch only
  • Simplismart says its annualized revenue run rate grew 14-fold over the past six months to an eight-figure sum; the exact figure was not disclosed. The figure is based on recent customer usage, not contracted recurring revenue, and excludes pass-through infrastructure revenue. TechCrunch only
  • Simplismart says it helped AI video platform InVideo cut GPU serving costs by 56%. TechCrunch only
  • More than half of Simplismart's revenue comes from the U.S., though it has more customers in India, according to CEO Amritanshu Jain. TechCrunch only
Dive deeper · 4 more factsShow less
  • Customers include HeyGen, Higgsfield and Ema; Indian cloud provider Yotta uses its technology for serverless AI inference in its Shakti Studio platform. TechCrunch only
  • Nvidia is working with Simplismart on technical integrations including its Dynamo inference software, and has introduced the startup to potential customers and partners, per Jain. TechCrunch only
  • Simplismart was founded in 2022 by Amritanshu Jain (ex-Oracle) and Devansh Ghatak (ex-Google) and employs 58 people. TechCrunch only
  • Simplismart plans to use the funding to expand in the U.S. and grow its team. TechCrunch only

Context

Simplismart builds software that sits between AI models and computing infrastructure, tuning deployments for speed, cost and throughput so customers can get more from existing GPUs. It can be used via its own platform or within customers' cloud and on-premises systems.

It competes with inference offerings from Nvidia, AWS, Google Cloud and Microsoft Azure, as well as a growing number of startups. Jain argued that more efficient inference could ultimately benefit Nvidia by encouraging wider AI adoption.

How the Agent Panel Scored This

Independent AI personas each scored importance 1–10; the story's score is a trimmed mean (highest and lowest votes dropped). Vote spread: 1.

3 Business Analyst This is a $14M Series B funding round for a small, four-year-old startup valued at about $100M, a minor financing event with limited market-wide impact despite Nvidia's participation.
2 News Editor This is a niche startup funding round of $14M at a roughly $100M valuation, with a single source and limited broader impact beyond the startup's ecosystem and investors.
2 Informed Citizen This is a $14 million private funding round for a 58-person startup, a niche business event with no direct impact on ordinary people and little lasting significance.

Source

← All stories