Scimplify raises $25 million to challenge China's critical materials supply chain with AI technology On October 14th, according to TechCrunch, Indian startup Scimplify announced the completion of a $25 million strategic funding round led by Hitachi Ventures, with clients Henkel and Teknor Apex as new investors, and existing shareholders Accel India, Bertelsmann India Investments, and others joining in. After this round of financing, the company's valuation reached 250 million US dollars, and the cumulative total equity financing increased to 80 million US dollars. Scimplify was founded in 2023 and is headquartered in Bangalore. With its self-developed AI platform Scinode, Scimplify coordinates chemical research and production processes, reducing material delivery times from traditional 12 to 18 months to as short as 2 months. The company currently serves over 1000 clients, with products covering more than 40 countries. Its annual revenue is approximately $200 million, a year-on-year increase of about three times, and it has achieved EBITDA profitability for two consecutive months. The proportion of revenue from the energy, electronics, and defense sectors has risen to 45% to 50%.