Simplismart - About the company
Simplismart is a series B company based in Bengaluru (India), founded in 2022 by Devansh Ghatak and Amritanshu Jain. It operates as a Provider of an artificial intelligence inference and deployment platform for scaling machine learning models. Simplismart has raised $22M in funding from investors like Accel, Anicut Capital and Dallas Venture Capital, with a current valuation of $*****. The company has 257 active competitors, including 12 that are funded. Its top competitors include companies like Nuro, Ollama and Nscale.
Company Details
Provider of an artificial intelligence inference and deployment platform for scaling machine learning models. The platform enables the deployment and management of open-source and custom models across various cloud environments and private infrastructure. It offers modular inference stacks with optimized runtimes, custom kernels, and auto-scaling capabilities to manage traffic and latency requirements. The service supports a wide range of model types including large language models, vision models, and speech processing tools. It provides a unified control plane for managing deployments, integrating with multiple cloud providers and hardware configurations to ensure performance and cost efficiency.
- Website
- simplismart.ai
- Email ID
- *****@simplismart.ai
- Registered Address
- 133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025
Key Metrics
Founded Year
2022
Location
Bengaluru, India
Stage
Series B
Total Funding
$22M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 27, 2026
Ranked
3rd among 257 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
39 as on May 31, 2026
Similar Companies
Legal entities associated with Simplismart
Simplismart is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
VERUTE TECHNOLOGIES PRIVATE LIMITED CIN: U72200KA2022PTC165981 , India, Active | Sep 12, 2022 | 0 - ₹10 Cr (As on Mar 31, 2025) | 39 (As on May 31, 2026) |
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Simplismart's funding and investors
Simplismart has raised a total funding of $22M over 6 rounds. Its first funding round was on Oct 27, 2022. Its latest funding round was a Series B round on Oct 27, 2026 for $*****. 5 investors participated in its latest round. Simplismart has 14 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Simplismart:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 27, 2026 | 9121881 | Series B | 2988251 | 9819681 | 7215333 | 3396303 |
Jul 15, 2025 | 7894416 | Series A | 4513854 | 8567713 | 3882378 | |
Aug 19, 2024 | 7995577 | Series A | 3682916 | 5256245 |
View details of Simplismart's funding rounds and investors
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 | 4y 1m | |
Team | - | Current | 4y 1m |
View details of Simplismart's Founder profiles and Board Members
Simplismart's employee count trend
Simplismart has 39 employees as of May 26. The total employee count is 30.0% more than what it was in 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 Nuro, Ollama and Nscale. 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 | Nuro 2016, Mountain View (United States), Series E | Developer of autonomous driving technology for automakers and mobility providers | $2.34B | 73/100 | |
2nd | Ollama 2023, Palo Alto (United States), Series B | Platform offering open-source tools for running large language models locally | $88M | 66/100 | |
3rd | Simplismart 2022, Bengaluru (India), Series B | Provider of an artificial intelligence inference and deployment platform for scaling machine learning models | $22M | 66/100 | |
4th | Nscale 2023, London (United Kingdom), Series C | Provider of specialized infrastructure and cloud services for artificial intelligence | $7.08B | 61/100 | |
5th | Gruve 2024, Redwood City (United States), Series A | Provider of AI infrastructure, inference solutions, and enterprise AI agents | $87.5M | 59/100 | |
6th | Beyond Limits 2014, Glendale (United States), Series C | Developer of hybrid artificial intelligence solutions for industrial enterprise applications | $158M | 58/100 | |
7th | AI-based large language model platform provider, offering a range of API services for conversational AI | - | - | 42/100 | |
8th | Developer of data and execution infrastructure for automated markets | $4M | 40/100 | ||
9th | Infinigence AI 2023, Haidian (China), Series C | Developer of artificial intelligence infrastructure and model inference software platforms | $587M | 37/100 | |
10th | ![]() AI Hub App AI Vietnam, Unfunded | Provider of access to multiple artificial intelligence models and search | - | - | 37/100 |
Looking for more details on Simplismart's competitors? Click here to see the top ones
Financials of SimplismartFY 25 Available
VERUTE TECHNOLOGIES PRIVATE LIMITED, the legal entity associated with Simplismart, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of VERUTE TECHNOLOGIES PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 134% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
Income Statement | |||
Revenue | 3974 | 1440 | 3079 |
Total Sales | 5355 | 7649 | 5896 |
Total Expenses | 2237 | 9707 | 6782 |
Operating Expenses | 5807 | 6654 | 3313 |
Employee Expenses | 1270 | 9610 | 3421 |
Operating Income (EBIT) | 4782 | 1364 | 4583 |
Interest Expenses | 6044 | 9873 | 1043 |
Expenses from other activities | 4273 | 5337 | 6016 |
EBITDA | 3107 | 9925 | 5076 |
Taxes | 4351 | 8381 | 6158 |
Net Profit | 5850 | 3979 | 2377 |
Balance Sheet | |||
Assets | 9733 | 6760 | 7072 |
Accounts Receivables | 5774 | 5543 | 7439 |
Inventory | 1267 | 2679 | 1132 |
Liabilities | 3761 | 5943 | 5777 |
Total Debt | 7106 | 6519 | 2476 |
Accounts Payable | 9046 | 3633 | 3653 |
Equities | 9401 | 6080 | 3272 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
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 16 events in the last 1 year, 7 of them have been about company updates.
•
Nvidia Invests in Indian Startup Simplismart to Enable AI Models to Run with Fewer GPUsIthome•Oct 28, 2026•Simplismart, Nvidia, SimpliSmart
•
Nvidia CEO Urges German Manufacturers to Embrace AI for Industrial Re-engineeringWral•Oct 20, 2026•Nvidia, Simplismart, Dallas Venture Capital, Accel and 2 others
•
Nvidia Plans to Invest Another $2 Billion in Europe for AI DevelopmentIthome•Oct 14, 2026•Nvidia, Doctolib, Genesis AI, Pigment and 5 others
•
Mark Zuckerberg's $200 Billion AI Gamble: A Bet Made Before Success Was AssuredNDTV•Oct 14, 2026•Meta, Nvidia, Simplismart, Dallas Venture Capital
•
Simplismart Secures $9 Million in Series B Funding Led by Dallas Venture CapitalEntrackr•Aug 04, 2026•Simplismart, Dallas Venture Capital, Accel, Micromax Informatics
•
Nvidia Reportedly Leading $20 Million Funding Round for Indian AI Startup SimplismartCnyes•May 18, 2026•Nvidia, Simplismart, Accel
•
Simplismart, Yotta Team Up to Deliver Fast and Local AI Infrastructure for IndiaAnalytics India Magazine•Oct 08, 2025•Simplismart, Yotta
•
Simplismart secures $7M funding to empower AI adoptionTFiR•Nov 05, 2024•Simplismart, Shastra, Titan Capital
•
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
•
Simplismart supercharges AI performance with personalized, software-optimized inference engineVentureBeat•Oct 18, 2024•Simplismart
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