Simplismart Bags $14 Mn To Expand AI Inference Platform

AI startup Simplismart has secured $14 million in Series B funding led by Dallas Venture Capital, with participation from NVIDIA, Accel, Shastra VC, Micromax, and angel investors. Co-founder and CEO Amritanshu Jain explained that the funds will be allocated to further refining the company's AI inference platform, strengthening partnerships with cloud providers and sovereign AI players, and expanding operations across North America and other global markets.

Simplismart's AI inference platform bridges the gap between AI models and GPU infrastructure, providing businesses with the tools to configure model execution based on speed, cost, and performance needs. The company's orchestration platform manages deployment and scaling across cloud and on-premises environments. Jain emphasized that the funding will enable Simplismart to bring its platform to more enterprises and cloud providers worldwide, including developing a dynamic GPU scheduling layer to match AI workloads with available computing resources across regions and time zones.

Simplismart's revenue streams are diversified, with 55% coming from the US and the rest from India. Major clients include HeyGen, Higgsfield, InVideo, Shiprocket, Apna, and Ema, utilizing the platform for video, voice, multimodal, and enterprise AI workloads. The company's annualized revenue run rate has grown 14 times over the past six months, following a $7 million Series A round in October 2024 led by Accel.