AI startup Scimplify has completed a $25 million financing round, led by Hitachi Ventures

According to Techcrunch, Indian startup Scimplify announced the completion of a $25 million strategic financing round, led by Hitachi Ventures, with customers Henkel and Teknor Apex participating as new investors, and existing shareholders Accel India, Bertelsmann India Investments, and others following on. After this round of financing, the company's valuation reached $250 million, and the total equity financing amount rose to $80 million.

Scimplify was founded in 2023 and is headquartered in Bangalore. Leveraging its self-developed AI platform Scinode, it coordinates the research and production processes of chemicals, reducing material delivery cycles from the traditional 12 to 18 months to as short as 2 months. The company currently serves over 1,000 clients, with products covering more than 40 countries, achieving an annual revenue of approximately $200 million, a year-on-year increase of about three times, and has achieved EBITDA profitability for two consecutive months. Revenue from the energy, electronics, and defense sectors has increased to 45% to 50%.