Scimplify raises $25M to expand AI-driven materials production

The Bengaluru specialty chemicals startup reportedly tripled its annualized revenue run rate to $200 million and is setting its sights on the US Scimplify, a Bengaluru-based specialty chemicals and advanced materials startup, has raised $25 million to scale its AI-assisted manufacturing platform, according to TechCrunch. The more eye-catching number is revenue. TechCrunch reports the company’s annualized revenue run rate has tripled to $200 million, and Scimplify is now looking at a bigger push into the US. Think of Scimplify as a booking platform for chemical plants. It does not own most of the factories.

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