Bengaluru-based generative AI startup Simplismart has raised $7 million in a funding round led by Accel, with a valuation of $35 million, according to Entrackr’s report.
Previous Funding
Prior to this round, Simplismart had secured seed funding from investors like Anicut Capital, Sunn91, First Cheque, and Shastra VC.
What Simplismart Does
Founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart enables businesses to build scalable, production-grade AI systems without writing code. The platform allows collaborative training and monitoring of machine learning models on various data types and use cases.
Future Plans
The startup plans to utilize the raised capital to:
- Develop its technology further
- Scale operations
- Expand its team
- Accelerate go-to-market strategy
- Enhance marketing and sales efforts
- Demonstrate generative AI solutions’ capabilities to automate tasks, reduce costs, and improve operational efficiency across various industries.
About Simplismart
Simplismart aims to make AI more accessible and scalable for businesses, allowing them to automate tasks, reduce costs, and improve operational efficiency.
