AI startup Simplismart has secured $14 million funding in its Series B round, led by Dallas Venture Capital, alongside the participation of NVIDIA, Accel, Shastra VC and Micromax. The new investment will fund its AI inference engine and orchestration platform development, growth in its cloud provider network and expansion in North America and other international markets. The company is valued at around $100 million post-money.

Key Highlights

• AI startup Simplismart raised $14 million funding in Series B round led by Dallas Venture Capital, with NVIDIA and other investors participating.

• The startup reported 14-fold annualised revenue run-rate growth over six months and plans to expand its AI inference platform globally.

Simplismart Raises $14 Million to Expand AI Infrastructure Platform

The new investment comes on the heels of Simplismart's $7 million Series A round in October 2024. The additional funding will support the company's technology enhancements and partnerships with cloud providers, allowing enterprises to seamlessly deploy AI models on various infrastructure environments.

Simplismart is a software stack designed to enable businesses to run AI workloads while minimising inference costs, latency, and GPU use. On its platform, it will also allow cloud providers to transform the capacity of available GPUs into AI services for enterprise customers.

Simplismart is not an inference provider, which means that it does not buy or commit to GPU capacity and resells it, but rather uses the third-party GPU infrastructure for production-size AI applications.

Simplismart Reports 14X Growth in Annualised Revenue Run Rate

Growth in the company's annualised revenue run rate was 14x higher in the six months leading up to the announcement, driven by increasing demand for its AI infrastructure services, Simplismart said.

It's used by customers such as HeyGen, Higgsfield, InVideo, Shiprocket, Apna and Ema. These companies leverage Simplismart's platform for video, voice and multimodal and enterprise AI production workloads.

The startup's technology aims to enable businesses to deploy and run AI models without taking on the responsibility of managing the vast array of underlying infrastructure. The platform will enhance the efficiency of inference and resource use, which should help to lower the cost of AI deployment.

Also Read: Startup Funding Report: 15 Firms Raise $133.9 Mn in the Latest Week

Simplismart Partners With Cloud Providers to Scale AI Workloads

In addition to providing enterprise customers with direct services, Simplismart also partners with cloud service providers to provide AI inference services.

Yotta's platform also enables the serverless inference layer for Shakti Studio, enabling customers to deploy AI models without having to manage the underlying infrastructure.

It is also collaborating with cloud service providers and sovereign AI initiatives in India, North America, Middle East, Australia and East Asia. The partnerships are designed to enable a match of AI workloads to regional and cloud-based GPU availability.

Simplismart to Strengthen Inference Engine and Global Presence

Simplismart intends to use the additional money to continue development of its inference and orchestration features, and to add more cloud partners. The company will help businesses deploy AI applications across various cloud platforms and utilize the cloud's resources.The company will make it easier for enterprises to deploy AI applications across various cloud platforms and utilize the cloud's resources.

With the increasing demand for AI applications, efficient inference infrastructure has become a critical priority for businesses looking to reduce costs and provide AI services at scale. Simplismart's growth will be driven around enhancing its software platform and assisting customers in international markets.

The Series B funding will enable the startup to continue on with these plans as it expands its footprint in the AI infrastructure market.