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Indian AI startup Scimplify raises $25M, triples revenue run rate to $200M, to challenge China's critical materials dominance
Indian AI startup Scimplify has raised $25 million in an all-equity strategic round led by Hitachi Ventures, with new investors Henkel and Teknor Apex, and existing backers Accel India, Bertelsmann India Investments, Omnivore, and 3one4 Capital. The company's annualized revenue run rate has tripled to $200 million, and it plans to deploy $7.5 million for U.S. expansion, aiming to reduce reliance on Chinese suppliers for specialty chemicals and critical materials in sectors like semiconductors, defense, and energy.
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