Simplismart - About the company
Simplismart is a seed company based in San Francisco (United States), founded in 2022 by Devansh Ghatak and Amritanshu Jain. It operates as a Provider of a platform for deploying and scaling inference models. Simplismart has raised $7.65M in funding from Accel and Anicut Capital, with a current valuation of ₹*****. The company has 1905 active competitors, including 138 funded and 18 that have exited. Its top competitors include companies like Fireworks, Goodfire and Cartesia.
Company Details
Provider of a platform for deploying and scaling inference models. It supports large language models, vision language models, diffusion, and speech models. The platform offers model library, custom model imports, and integration with cloud repositories. It provides tools for autoscaling, modular inference stack, and optimization for various use cases.
- Website
- simplismart.ai
- Social
- Email ID
- *****@simplismart.tech
- Registered Address
- 133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025
Key Metrics
Founded Year
2022
Location
San Francisco, United States
Stage
Seed
Total Funding
$7.65M in 4 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Oct 15, 2025
Ranked
8th among 1905 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
23 as on May 31, 2025
Legal entities associated with Simplismart
Simplismart is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VERUTE TECHNOLOGIES PRIVATE LIMITED CIN: U72200KA2022PTC165981 , India, Active | Sep 12, 2022 | 0 - ₹10 Cr (As on Mar 31, 2025) | 39 (As on Apr 01, 2026) |
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Simplismart's funding and investors
Simplismart has raised a total funding of $7.65M over 4 rounds. Its latest funding round was a Grant (prize money) round on Jul 18, 2024 for $*****. 1 investor participated in its latest round. Simplismart has 11 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of Simplismart:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 18, 2024 | 8823993 | Grant (prize money) | 6943616 | 6320409 | 5921407 | 7238390 |
Feb 29, 2024 | 7280441 | Seed | 3192072 | 6919335 | 7456698 | |
Oct 27, 2022 | 5442904 | Seed | 3507942 | 6625084 |
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Simplismart's founders and board of directors
Founder? Claim ProfileThe founders of Simplismart are Devansh Ghatak and Amritanshu Jain. Amritanshu Jain is the CEO of Simplismart.
Here are the details of Simplismart's key team members:
- Devansh Ghatak: Co-Founder & CTO of Simplismart and founder of 1 other company. They serve on the board of 1 company.Contact Info: 2 email addresses and 1 phone number
- Amritanshu Jain: Co-Founder & CEO of Simplismart.
Simplismart's Board of Directors
Simplismart's board has 2 active members. Devansh Ghatak and Amritanshu Jain are part of team.Here is the list of Simplismart's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 10m | |
Team | - | Current | 3y 10m |
View details of Simplismart's Founder profiles and Board Members
Simplismart's employee count trend
Simplismart has 23 employees as of May 25. Here is Simplismart's employee count trend over the years:
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Simplismart's Competitors and alternates
Top competitors of Simplismart include Fireworks, Goodfire and Cartesia. Here is the list of Top 10 competitors of Simplismart, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Fireworks 2022, Redwood City (United States), Series D | Generative AI platform as a service for accelerating product innovation and disruption | $1.81B | 72/100 | |
2nd | Goodfire 2024, San Francisco (United States), Series B | Interpretability tooling for generative AI models | $157M | 71/100 | |
3rd |  Cartesia 2023, San Francisco (United States), Series A | Provider of real-time text-to-speech API with AI laughter and emotion | $86M | 67/100 | |
4th | Provider of licensed data-trained AI platform for visual content generation | $65M | 66/100 | ||
5th | Developer of AI models for text, speech, video, and music generation | $1.15B | 62/100 | ||
6th | Arcee.ai 2023, Miami (United States), Series A | Platform to train, and deploy language models | $29.5M | 62/100 | |
7th |  Braintrust 2023, San Francisco (United States), Series B | Provider of an AI observability platform for building quality AI products | $121M | 61/100 | |
8th |  Simplismart 2022, San Francisco (United States), Seed | Provider of a platform for deploying and scaling inference models | $7.65M | 61/100 | |
9th | Letta 1997, San Francisco (United States), Early Stage | Developer of a memory-first agent accessible through desktop and CLI | $10M | 60/100 | |
10th |  aiXplain 2020, San Jose (United States), Seed | Develops natural language processing technologies | $14.5M | 60/100 |
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Simplismart's Latest cap tables and shareholding
Founders (largest shareholder) own 49.21%, Funds own 37.98%, Angels own 4.73% and ESOP Pool own 8.08%. The net worth of Simplismart's founders is INR 112Cr as of Oct 15, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 49.21% | 112Cr | 7825733 | 4056948 | 8731617 | 7941235 |
3593164 | 2100661 | 2968370 | 7261106 | 3649857 | 9163304 | |
5672054 | 4115973 | 9091981 | 2758007 | 2460452 | 3894533 | |
Fund | 37.98% | 86.3Cr | 5073403 | 9598751 | 3647353 | 8057063 |
9392230 | 9251426 | 2335114 | 5991309 | 5211834 | 8243786 | |
276 | 519 | 997 | 919 | 597 | 458 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Angel | 4.73% | 10.7Cr | 5180 | 2765 | 2768 | 5225 |
46 | 41 | 25 | 79 | 97 | 81 | |
ESOP Pool | 8.08% | 18.4Cr | 8543500 | 8181874 | 3612804 | 9340171 |
Total | 100.00% | 227Cr | 1675976 | 6350831 | 1839291 | 5282654 |
To unlock detailed Cap Table of Simplismart Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Simplismart's Shareholding
Simplismart's Investments and acquisitions
Simplismart has made no investments or acquisitions yet.
Reports related to Simplismart
Here is the latest report on Simplismart's sector:
News related to Simplismart
Media has covered Simplismart for a total of 5 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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Simplismart, Yotta Team Up to Deliver Fast and Local AI Infrastructure for IndiaAnalytics India Magazine•Oct 08, 2025•Simplismart, Yotta
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Simplismart secures $7M funding to empower AI adoptionTFiR•Nov 05, 2024•Simplismart, Shastra, Titan Capital
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Simplismart raises $7M to help enterprises run their own AI models with rapid inference and full controlSiliconAngle•Oct 18, 2024•Simplismart, Shastra, Titan Capital, Accel and 1 other
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Ex-Oracle and Google Engineers Get $7 Million From Accel for Public Launch of Simplismart to Empower AI AdoptionAiThority•Oct 17, 2024•Simplismart, Accel, Shastra, Titan Capital and 2 others
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LeagueApps Youth Sports Company Gets Accel-KKR, Arctos FundingSportico•Oct 11, 2024•LeagueApps, Accel-KKR, Arctos Sports Partners, Contour Venture Partners and 6 others
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Former Meta COO Sheryl Sandberg makes second investment in Bengaluru AI startupMoneycontrol•Aug 19, 2024•Simplismart, Anicut Capital, Titan Capital, Accel and 5 others
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Gen AI startup Simplismart to raise $7 Mn led by AccelEntrackr•Jul 10, 2024•Simplismart, Accel, Anicut Capital, Sunn91 and 2 others
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