Simplismart Completes $14 Million Series B Funding Round, Valued at $100 Million

Simplismart has completed a $14 million Series B funding round at a valuation of approximately $100 million. This round was led by Dallas Venture Capital, with participation from Nvidia, Accel, Shastra VC, and Micromax. The software provided by Simplismart sits between AI models and computing infrastructure, automatically adjusting model deployment and management to optimize response speed, request handling capacity, and computing consumption. The company stated that its software helped the AI video generation platform InVideo reduce GPU service costs by 56%. CEO Amritanshu Jain noted that the company's annualized revenue run rate has grown 14 times over the past six months, reaching eight figures, with the U.S. market contributing over half of the revenue, despite having more customers in India.

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