Nvidia backs Simplismart’s $14 million round for leaner AI inference
Original title: Nvidia backs Indian startup helping companies run AI models with fewer GPUs
The all-primary Series B values the Bengaluru startup at about $100 million, with Dallas Venture Capital leading.
Nvidia joined Accel, Shastra VC and Micromax in a $14 million Series B for Indian startup Simplismart, led by Dallas Venture Capital. Simplismart says its software sits between models and infrastructure and tunes speed, throughput and GPU use, including on customers’ cloud or on-premises stacks. CEO Amritanshu Jain said annualized revenue run rate grew 14-fold in six months to an undisclosed eight-figure sum, with more than half from the United States. The company plans to expand in the U.S. and keep developing inference software, including work with Nvidia Dynamo.
Unconfirmed: The revenue figure is usage-based, excludes infrastructure pass-through and was not disclosed exactly; Jain declined to address an earlier report of a much larger raise.
- The four-year-old company employs 58 people and was founded in 2022.
- Simplismart says InVideo cut GPU serving costs by 56% with its software.
- Customers named include HeyGen, Higgsfield, Ema and India’s Yotta.
- Jain said the Series B is closed and will not be extended.
- Vendors
- Nvidia
- Products
- DynamoShakti Studio
- Countries
- IndiaUnited States
From the original article
4 min read at techcrunch.com
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.
By Jagmeet Singh · techcrunch.com
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