# Simplismart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simplismart

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.simplismart.ai/
- Total disclosed funding: $21M
- Latest round: Series B (Oct 27, 2026)
- Investors on record: 10

## About

Based in Karnataka, India, and founded in 2022 by co-founders by Amritanshu Jain and Devansh Ghatak, Verute Technologies Private Limited doing business as Simplismart, operates as a developer of artificial intelligence-based system designed for model deployment by providing a platform. In July 2024, Simplismart raised INR 587.28 million in seed funding led by Accel, with participation from Titan Capital and Anicut Capital. In October 2024, Simplismart raised USD 7 million led by Accel, with participation from Shastra VC and Titan Capital.

Simplismart offers a variety of tools designed to streamline the training, deployment, and management of Generative AI models by integrating technologies for deploying large language models (LLMs), speech-to-text (STT) services, and text-to-image generation models Its platform supports deployment across major cloud providers, including AWS, Azure, and GCP, as well as on-premises environments. The company developed SimpliLM, which Facilitates the deployment and fine-tuning of large language models with lightning-fast inference speeds and cost-effective solutions. In addition, the firm provides SimpliScribe, that offers speech-to-text services, supporting over 100 languages with high accuracy and rapid transcription speeds. Verute Technologies Private Limited developed SimpliDiffuse, which provides text-to-image generation APIs. As of 2024, the firm serves various industries such as financial services, Adtech, Commerce, and many more. 

The company generates revenue based on a pay as you go subscription model that charges its customers based on their requirements such as language models, speech to text, and text to image.

## Funding rounds

- Series B, Oct 27, 2026, $14M — Dallas Venture Capital, Accel, Micromax, Nvidia, Shastra VC
- Series A, Sep 25, 2024, $6.6M — Accel, Dallas Venture Capital, LVX, Titan Capital, Shastra VC
- Seed, Oct 27, 2022, $0.2M — Anicut Capital, First Cheque, Shastra VC, Sunn91 Ventures

## Investors

- Anicut Capital (https://capitalatlas.ai/funds/anicut-capital) — Seed
- First Cheque (https://capitalatlas.ai/funds/first-cheque) — Seed
- Shastra VC (https://capitalatlas.ai/funds/shastra-vc) — Seed, Series A, Series B
- Sunn91 Ventures (https://capitalatlas.ai/funds/sunn91-ventures) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Dallas Venture Capital (https://capitalatlas.ai/funds/dallas-venture-capital) — Series A, Series B
- LVX (https://capitalatlas.ai/funds/lvx) — Series A
- Titan Capital — Series A
- Micromax — Series B
- Nvidia — Series B