Simplismart in talks for $40-50M raise
By Abha Lohia ·
Simplismart: revenue and funding and every story →
- Simplismart builds infrastructure that helps companies run and manage AI models, founded by former Oracle and Google engineers
- It is negotiating a $40-50 million round that could lift its valuation to $300-400 million, from about $100-120 million
- Peak XV Partners and the data centre arm of Dubai's Damac group are in discussions to take part
What happened
- Simplismart is in talks to raise $40-50 million.
- The round may value it at $300-400 million.
- Its valuation was about $100-120 million before.
- Peak XV Partners is in discussions to invest.
- Damac Digital is also in discussions.
Why it matters
- Investors are backing a small pool of Indian AI companies.
- The valuation could more than triple within months.
- Data centre money joining shows demand for AI infrastructure.
The business
- Simplismart is an AI infrastructure startup.
- It helps teams build, deploy and manage custom models.
- It is based in Bengaluru.
The founders
- Former engineer at Oracle or Google
- Ex-Google
- BITS Pilani
Who put in money
- Peak XV Partners In talks
- Damac Digital In talks — Data centre arm of Dubai-based Damac group
Terms in this story
- Valuation: A startup's valuation is the price investors agree the whole company is worth. For young companies it is set by negotiation and comparison, not by a formula.
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