Simplismart, a Bangalore, India-based company that offers MLOps solutions focused on simplifying AI infrastructure, has raised $7 million in Series A funding.
Investors
The round was led by Accel, with participation from Shastra VC, Titan Capital, and high-profile angel investor Akshay Kothari, Co-Founder of Notion.
Accel is a global venture capital firm that partners with exceptional teams from inception through all stages of private company growth. Over the past 40+ years, Accel has helped ambitious entrepreneurs build iconic global businesses.
Simplismart Use of Funds
The fresh funding will fuel R&D and support growth for its enterprise-focused MLOps platform.
About Simplismart
Founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart is a cloud-agnostic MLOps workflow orchestration platform that helps organizations streamline the fine-tuning, deployment, and monitoring of AI models at scale. It uses a declarative language similar to Terraform to standardize workflows and offers an inference engine designed to efficiently run open-source models across different modalities (e.g., text, image) with high performance. Simplismart helps enterprises navigate cost-vs-latency tradeoffs for generative AI models in production and includes additional features such as scaling, benchmarking, and SLA management.
Funding Details
Company: Simplismart
Raised: $7.0M
Round: Series A
Funding Date: October 2024
Lead Investor: Accel
Additional Investors: Shastra VC, Titan Capital, Akshay Kothari
Company Website: https://www.simplismart.ai/
Software Category: Machine Learning Operations Solution
Source: https://www.globenewswire.com/news-release/2024/10/17/2965004/0/en/Ex-Oracle-and-Google-engineers-get-7m-from-Accel-for-public-launch-of-Simplismart-to-empower-AI-adoption.html