Deals · Updated 14 Oct, 04:30 pm IST
Bengaluru AI materials startup Scimplify raises $25M to scale production
Why it matters for readers: It matters because the company aims to reduce reliance on a small set of countries for critical materials using AI and faster production methods.
- Scimplify raised $25 million in an all-equity strategic round led by Hitachi Ventures.1
- Customer-companies Henkel and Teknor Apex joined the round as new investors while Accel India, Bertelsmann India Investments, Omnivore, and 3one4 Capital also participated.1
- The Bengaluru-based company uses AI and computational tools to speed discovery and scale production of specialty chemicals and critical materials for markets like semiconductors, defense and energy.1
- The round was said by a person familiar with the transaction to value Scimplify at $250 million, up from $150 million after a March 2025 Series B, while the startup reported total equity funding of $80 million but declined to disclose valuation.1
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