When was Simplismart founded?

Simplismart was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Simplismart located?

Simplismart is headquartered in San Francisco, United States. It is registered at 133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025.

Who is the current CEO of Simplismart?

Amritanshu Jain of Simplismart. They have also founded 1 company.

Which legal entities is Simplismart associated with?

Simplismart is associated with VERUTE TECHNOLOGIES PRIVATE LIMITED.

How many employees does Simplismart have?

As of May 31, 2025, the latest employee count at Simplismart is 23.

Is Simplismart a funded company?

Simplismart is a funded company, having raised a total of $7.65M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 27, 2022.

How much is Simplismart worth?

The latest valuation of Simplismart is ₹***** as of Oct 15, 2025.

When was the latest funding round of Simplismart?

Simplismart's latest funding was a $***** Seed round on Jul 15, 2025, with participation from 4 investors.

What is the annual revenue of Simplismart?

Annual revenue of Simplismart is less than ₹10 Cr as on Mar 31, 2025

Where does Simplismart rank among its competitors?

Simplismart ranks 8th amongst 2184 active competitors, of which 154 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Arcee.ai, which secured $150M in Sep, 2026.

Who are the top competitors of Simplismart?

Simplismart's top competitors include Fireworks, Goodfire and Cartesia. Among them, Arcee.ai secured the most recent funding round in September, 2026.

Simplismart - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Seed, Jul 15, 2025, $*****

Post Money Valuation

₹***** as on Oct 15, 2025

Investors

Accel & 19 more

Ranked

8^th among 2184 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

23 as on May 31, 2025

Similar Companies

Fireworks & 779 more

View Simplismart's full profile

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)

Simplismart has raised a total funding of $7.65M over 4 rounds. Its first funding round was on Oct 27, 2022. Its latest funding round was a Seed round on Jul 15, 2025 for $*****. 4 investors participated in its latest round. Simplismart has 12 institutional investors and 8 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
Jul 15, 2025	9540012	Seed	6969152	9672749	8040566	1903157
Jul 18, 2024	3667442	Grant (prize money)	9676784	8832908	4447822	Google for Startups
Feb 29, 2024	1653338	Seed	5613638	1523528	Accel	Kunal Bahl & 10 more

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View details of Simplismart's funding rounds and investors

The 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
Devansh Ghatak	Team	-	Current	4y 0m
Amritanshu Jain	Team	-	Current	4y 0m

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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Top competitors of Simplismart include Fireworks, Goodfire and Cartesia. Here is the list of Top 10 competitors of Simplismart, ranked by Tracxn score:

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	Index Ventures, TCV & 26 others	73/100
2nd	Goodfire 2024, San Francisco (United States), Series B	Interpretability tooling for generative AI models	$209M	B Capital, Lightspeed Venture Partners & 12 others	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	Kleiner Perkins, Index Ventures & 11 others	69/100
4th	Bria 2020, Tel Aviv (Israel), Series B	Provider of licensed data-trained AI platform for visual content generation	$65M	GFT Ventures, Red Dot Capital Partners & 13 others	68/100
5th	MiniMax 2022, Singapore (Singapore), Public	Developer of AI models for text, speech, video, and music generation	$1.15B	Alibaba Group, Visual China Group & 8 others	64/100
6th	Arcee.ai 2023, San Francisco (United States), Series B	Platform to train, and deploy language models	$180M	Emergence Capital, Prosperity7 Ventures & 13 others	64/100
7th	Comfy 2024, San Francisco (United States), Series C	Developer of open-source node-based application for generative artificial intelligence	$48.8M	Craft Ventures, Abstract Ventures & 3 others	63/100
8th	Simplismart 2022, San Francisco (United States), Seed	Provider of a platform for deploying and scaling inference models	$7.65M	First Cheque, Anicut Capital & 18 others	61/100
9th	Sema4 2024, Atlanta (United States), Series A	Developer of a platform for building and managing enterprise AI agents	$55.5M	Benchmark, Rocketship & 5 others	60/100
10th	Spangle AI 2024, Bellevue (United States), Series A	Provider of an agentic AI platform for e-commerce revenue optimization	$21M	NewRoad Capital Partners, DNX Ventures & 2 others	58/100

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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	5746419	1388294	4177478	2750508
Amritanshu Jain	5923864	7216212	2011427	6500765	3070162	5324228
Devansh Ghatak	1277259	5635275	5399840	3555019	2884780	4477847
Fund	37.98%	86.3Cr	2052225	2880977	8990326	4879423
Accel	1811836	1859044	9486809	2974558	2124991	8429445
Anicut Capital	658	602	323	282	752	315
Pilani Innovation Entrepreneurship Development	0	0	0	0	0	0
Angel	4.73%	10.7Cr	7057	3085	8486	4404
Kunal Bahl	80	72	30	61	10	65
Dilipkumar Karodimal Khandelwal	0	0	0	0	0	0
Akshit Goyal	0	0	0	0	0	0
ESOP Pool	8.08%	18.4Cr	4338940	7766624	2487440	9375878
Total	100.00%	227Cr	5354274	4173867	9524558	1995134