Nvidia backs Simplismart in $14M round to expand AI inference and cloud partnerships

The Indian startup builds software that helps companies run AI models more efficiently, sometimes on fewer GPUs Nvidia has invested in Simplismart, an Indian startup whose software helps companies run AI models more efficiently. In some cases, that means running them on fewer GPUs. The investment is part of a $14 million funding round. It is a slightly ironic bet from a company that sells the very chips Simplismart helps customers use less of. Dallas Venture Capital led the investment. Nvidia joined alongside Accel, Shastra VC, and Micromax. The deal values the four-year-old startup at about $100 million, a figure that includes the new capital. Simplismart, also known as Verute Technologies Pvt Ltd, was founded in 2022 in Bengaluru. It also has a presence in San Francisco.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.