When was Simplifai AI founded?

Simplifai AI was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is Simplifai AI located?

Simplifai AI is headquartered in Norway.

Who is the current CEO of Simplifai AI?

Bard Myrstad of Simplifai AI. They have also founded 1 company.

How many employees does Simplifai AI have?

As of Jun 30, 2026, the latest employee count at Simplifai AI is 76.

Is Simplifai AI a funded company?

Simplifai AI is a funded company, having raised a total of $3.34M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 18, 2020.

When was the latest funding round of Simplifai AI?

Simplifai AI's latest funding was a $***** Series A round on May 07, 2024, with participation from 1 investor.

What is the annual revenue of Simplifai AI?

Annual revenue of Simplifai AI is between $1M and $10M as on Dec 31, 2022

Where does Simplifai AI rank among its competitors?

Simplifai AI ranks 111th amongst 5166 active competitors, of which 389 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Sierra, which secured $950M in May, 2026.

Who are the top competitors of Simplifai AI?

Simplifai AI's top competitors include Automattic, Box and Kaltura. Among them, Sierra secured the most recent funding round in May, 2026.

Simplifai AI - 2026 Company Profile, Team, Funding, Competitors & Financials

Simplifai AI is a series A company based in Norway, founded in 2017 by Bard Myrstad. It operates as a Conversational AI and chatbot development solutions. Simplifai AI has raised $3.34M in funding. The company has 5166 active competitors, including 389 funded and 354 that have exited. Its top competitors include companies like Automattic, Box and Kaltura.

Company Details

Conversational AI and chatbot development solutions. It provides conversational AI solutions that enables businesses to automate responses and processes for managing customer requests. The platform includes a dashboard to track and monitor the conversations.

Website: www.simplifai.ai/
Social
Email ID: *****@simplifai.ai
Phone Number: +47 **********

Key Metrics

Founded Year

2017

Location

Norway

Stage

Series A

Total Funding

$3.34M in 2 rounds

Latest Funding Round

Series A, May 07, 2024, $*****

Ranked

111^th among 5166 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2022

Employee Count

76 as on Jun 30, 2026

Similar Companies

Box & 6200 more

View Simplifai AI's full profile

Simplifai AI is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SIMPLIFAI AS CIN: 918938877 , Norway, Active	Apr 04, 2017	$1M - $10M (As on Dec 31, 2022)	37 (As on Dec 31, 2021)
SIMPLIFAI COGNITIVE SERVICES PRIVATE LIMITED CIN: U74999PN2018FTC175269 , India, Active	Mar 09, 2018	₹10 - ₹50 Cr (As on Mar 31, 2024)	-

Simplifai AI has raised a total funding of $3.34M over 2 rounds. Its first funding round was on Mar 18, 2020. Its latest funding round was a Series A round on May 07, 2024 for $*****. 1 investor participated in its latest round. Simplifai AI has 1 institutional investor.

Here is the list of recent funding rounds of Simplifai AI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 07, 2024	8502376	Series A	6962924	6796352	4716232	2633542
Mar 18, 2020	3623141	Seed	5897384	4255822	8918947	5517849

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View details of Simplifai AI's funding rounds and investors

The founders of Simplifai AI is Bard Myrstad. Bard Myrstad is the CEO of Simplifai AI.

Here are the details of Simplifai AI's key team members:

Bard Myrstad: Co-Founder & CEO of Simplifai AI.

View details of Simplifai AI's Founder profiles and Board Members

Simplifai AI's employee count trend

Simplifai AI has 76 employees as of Jun 26. Here is Simplifai AI's employee count trend over the years:

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Top competitors of Simplifai AI include Automattic, Box and Kaltura. Here is the list of Top 10 competitors of Simplifai AI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Automattic 2005, San Francisco (United States), Series E	Developer of open-source content management system	$896M	Tiger Global Management, Endurance International Group ... & 32 others	85/100
2nd	Box 2005, Redwood City (United States), Public	AI based platform for secure collaboration, content management, and workflow	$693M	DFJ, Andreessen Horowitz & 38 others	80/100
3rd	Kaltura 2006, New York City (United States), Public	Provider of video solutions for webinars, events, hubs, and virtual classrooms	$145M	Goldman Sachs Investment Partners, Nexus Venture Partners ... & 16 others	78/100
4th	Sierra 2023, San Francisco (United States), Series E	A conversational AI platform that helps businesses to build customer experiences	$1.58B	Greenoaks, Tiger Global Management & 5 others	72/100
5th	Acquia 2007, Boston (United States), Acquired	Provider of a digital experience platform for content, community, and commerce	$174M	North Bridge Venture Partners, Centerview Capital ... & 18 others	71/100
6th	EMudhra 2008, Bengaluru (India), Public	Provider of digital signature certificates, PKI, and e-signature solutions	$26.2M	Nippon, Axis Growth & 34 others	71/100
7th	PandaDoc 2011, San Francisco (United States), Series C	Provider of document management and automation platform with e-signature capabilities	$61.9M	G Squared, Altos Ventures Management & 23 others	70/100
8th	Newgen 1992, Delhi (India), Public	Provider of a unified platform for digital transformation and automation	$17.7M	Ascent Capital, Sapphire Ventures & 45 others	69/100
9th	Ripcord 2014, Hayward (United States), Series B	Provider of AI-powered robotic document digitization and intelligent data extraction platform	$147M	Icon Ventures, Google Ventures & 23 others	69/100
10th	EliseAI 2017, New York City (United States), Series E	Offering conversational AI platforms	$392M	Sapphire Ventures, Andreessen Horowitz & 18 others	69/100
111th	Simplifai AI 2017, Norway, Series A	Conversational AI and chatbot development solutions	$3.34M	-	51/100