Accel, Nvidia join $14m Series B for Bengaluru AI firm
The Nvidia AI investment is part of a $14 million Series B led by Dallas Venture Capital, valuing Bengaluru’s Simplismart at about $100 million.
Nvidia joined Simplismart’s $14 million all-primary Series B, led by Dallas Venture Capital, with Accel, Shastra VC and Micromax also participating.
The four-year-old Bengaluru startup is valued at about $100 million including the new capital.
Simplismart’s software sits between AI models and computing infrastructure to optimise speed, cost and GPU use; it says InVideo cut GPU serving costs by 56%.
Annualised revenue run rate grew 14-fold in six months to an eight-figure sum, with more than half of revenue from the United States.
Funds will go toward a larger U.S. presence, hiring and further work on inference software.