AI infrastructure startup Simplismart is in talks to raise $40-50 million. This funding could triple its valuation to $300-400 million. Investors like Peak XV Partners and Damac Digital showed interest in the company. The startup, started by ex-Oracle and Google engineers, is now attracting many big bets in India.
Simplismart, an innovative AI infrastructure startup, is in talks to secure between $40 and $50 million in funding, which could potentially boost its valuation from $100-120 million up to $300-400 million. Notable investors like Peak XV Partners and Damac Digital are eyeing stakes in the company, which was established by ex-Oracle and Google engineers.
New Delhi: AI infrastructure startup Simplismart is in talks to raise $40-50 million at a valuation of $300-400 million, potentially more than tripling its valuation in a matter of months, as investors step up bets on a limited pool of artificial intelligence businesses in India, according to people aware of the development.Peak XV Partners and Damac Digital, the data centre arm of Dubai-based real estate group Damac, are in discussions to