NVIDIA backs Indian AI startup Simplismart in $14 mn Series B

Simplismart has raised $14 million in an all-primary Series B led by Dallas Venture Capital, with NVIDIA, Accel, Shastra VC and Micromax participating. The Bengaluru-based AI inference startup is valued at around $100 million. Founded in 2022, Simplismart helps businesses optimise GPU usage for AI deployment. It plans to use the funding for US expansion, hiring and product development.