[Funding News] Gen AI Startup Simplismart Secures $7 Mn Funding Round from Accel

In a funding round headed by Accel, Bengaluru-based generative AI firm Simplismart has raised $7 million.

The business hopes to grow its workforce, increase operations, and advance its technology using the money it raised.

The funding will also help the business grow its clientele across a range of industries and expedite its go-to-market plan.

Previously, investors such as Anicut Capital, Sunn91, First Cheque, and Shastra VC provided seed money to the firm. The report from Entrackr estimates Simplismart's valuation in the round at about $35 million.

Read also - Jugyah Secures $1.5 Mn Funding Round Led by White Venture Capital, QED and others

A novice and an expert can work together to train and track machine learning models on different kinds of data and use cases using the startup's web platform.

The goal of Simplismart is to make it possible for companies to develop production-grade, scalable AI systems without requiring them to write any code.

About Simplismart

Founded in 2022 by Amritanshu Jain, Simplismart enables businesses to build a scalable production-grade AI system and manage the development lifecycle without writing a single line of code. This helps them ship deep learning models in days instead of months saving them hundreds of thousands of dollars in engineering costs.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.