Nvidia backs Simplismart’s $14 million round to improve AI inference efficiency
Nvidia backs Indian startup helping companies run AI models with fewer GPUs
- Who
- Nvidia
- What
- backs Simplismart in a $14 million Series B funding round
- Quote
Nvidia has backed Indian startup Simplismart in a $14 million funding round, betting on software that helps companies run AI models more efficiently and, in some cases, with fewer GPUs.
What happened
Nvidia joined Simplismart’s $14 million Series B, led by Dallas Venture Capital, valuing the Indian startup at about $100 million including the funding. Simplismart says its software tailors AI model deployment to customers’ speed, cost, and performance requirements and helped InVideo cut GPU serving costs by 56%. The startup plans to expand its U.S. presence, grow its team, and develop its inference software.
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See the full storySimplismart Raises $14 Million Series B Led by Dallas Venture Capital, With Nvidia ParticipatingThe story so far
Indian startup Simplismart raised $14 million in a Series B led by Dallas Venture Capital, with Nvidia participating, valuing the company at about $100 million including the new funding. Accel, Shastra VC, and Micromax also invested in the round, which consisted entirely of new shares. Simplismart develops inference software for running AI models. The company says its software tailors model deployment to customers’ speed, cost, and performance requirements, and that it helped InVideo cut GPU serving costs by 56%. Simplismart plans to use the funding to expand its U.S. presence, grow its team, and further develop its inference software.
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