The A.I. Daily
Scimplify raises $25M to challenge China's grip on critical materials with AI
Indian startup Scimplify raised $25M in an all-equity strategic round led by Hitachi Ventures, with Henkel and Teknor Apex joining as new investors. The round values the company at $250M after investment. Its annualized revenue run rate has tripled to $200M. Its AI platform Scinode can cut delivery times for specialty chemicals and critical materials from 12-18 months to 2 months.