Nvidia backs Indian startup helping to run AI models with fewer GPUs
After the Series B round, the company was valued at approximately $100 million
According to the company, Simplismart's software reduced the AI-generation platform InVideo's GPU usage costs by 56%.
The investment round also included Accel, Shastra VC, and Micromax, while Dallas Venture Capital led the round. The startup's software automatically configures the deployment and management of AI models on existing infrastructure, helping to balance response speed, the number of requests, and computational resource consumption.
The Bengaluru-based startup offers model deployment via its own platform or clients' infrastructure in the cloud and on-premises. Its tools also enable model fine-tuning, automatic resource scaling, and performance monitoring; Simplismart's clients include HeyGen, Higgsfield, Ema, and the Indian cloud provider Yotta.
Simplismart's co-founder and CEO Amritanshu Jain stated that the company's annual revenue growth rate has increased 14-fold over the last six months, reaching an eight-figure sum.
Nvidia is simultaneously collaborating with the startup on technical integrations, including the Dynamo software for AI inference. Simplismart plans to allocate the raised funds to expand its presence in the U.S., grow its team, and further develop its product.
