Scimplify raises $25 million for AI materials production

Scimplify raised $25 million in an equity round led by Hitachi Ventures, according to TechCrunch. Customers Henkel and Teknor Apex joined as new investors, alongside existing backers Accel India, Bertelsmann India Investments, Omnivore and 3one4 Capital.

The Indian startup uses its Scinode AI platform to identify production routes and suitable factories for specialty chemicals and critical materials. Its scientists and engineers manage production through more than 500 partner facilities, with about 90% of manufacturing currently taking place in India.

Scimplify plans to spend about $7.5 million on expanding its manufacturing network in the United States and another $2 million on Scinode. It also plans to extend production to Japan over the next year. The company reported an annualized revenue run rate of about $200 million and serves more than 1,000 customers across semiconductors, defense, energy and other industries.