Business · Updated 27 Oct, 05:35 pm IST
Simplismart raises $14M Series B to grow AI inference platform
Why it matters for readers: If you're curious about AI, it shows companies are raising money to make running models cheaper and easier for enterprises.
- Simplismart closed a $14 million Series B round led by Dallas Venture Capital with participation from NVIDIA, Accel, Shastra VC, Micromax and angel investors.1
- Dallas Venture Capital invested close to $5 million in the round, CEO Amritanshu Jain told Inc42.1
- The startup will use the capital to further develop its AI inference platform and deepen partnerships with cloud providers and sovereign AI players.1
- Simplismart aims to expand across North America and other global markets to serve enterprises and cloud providers lowering AI application costs.1
- Founded in 2022, Simplismart builds a software layer between AI models and GPU infrastructure, offering an inference engine and orchestration platform for deployment and scaling.1
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