Scimplify Raises $25M to Rival China on Materials

Indian startup Scimplify has raised $25 million in an all-equity round led by Hitachi Ventures, valuing the Bengaluru-based company at $250 million. Founded in 2023, Scimplify uses its AI platform Scinode to accelerate specialty chemical and critical materials production, cutting delivery times from 18 months to as little as two months. The startup has reached a $200 million annualized revenue run rate, tripling year-over-year, with the U.S. now contributing 30% of revenue. It plans to spend $7.5 million on U.S. expansion and $2 million on further Scinode development.