AI & Enterprise
Nvidia invests in India\'s SimplySmart valued at $100 million
Nvidia has invested in Indian startup SimplySmart, which develops inference software aimed at cutting AI model operating costs and improving GPU utilisation. TechCrunch reported SimplySmart raised $14 million in a Series B round led by Dallas Venture Capital, with Nvidia, Accel, Shastra VC and Micromax participating. After the share issuance, the company was valued at about $100 million. CEO Amritanshu Jain said revenue run-rate rose 14-fold in six months to an eight-digit dollar level.
