Scimplify raises $25M Series C led by Hitachi Ventures

Indian startup Scimplify raised a $25 million all-equity round led by Hitachi Ventures, with customers Henkel and Teknor Apex joining as new investors and existing backers Accel India, Bertelsmann India Investments, Omnivore and 3one4 Capital participating. SiliconANGLE reported the round as a Series C that values the company, officially Cocreate Global Technologies Pvt Ltd., at $250 million. Scimplify uses AI to produce specialty chemicals and critical materials, targeting semiconductors, defense and energy. Founder Santhosh said about $7.5 million will go toward U.S. expansion, including building out its manufacturing network, and $2 million is earmarked for further development of Scinode.

AI-generated from reports · 3 days agoUpdate