Scimplify Raises USD 25 Mn in Strategic Funding Round
Scimplify raises USD 25 million led by Hitachi Ventures to expand US research, processing and manufacturing capabilities.
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Bengaluru-based Scimplify has raised USD 25 million in a strategic funding round led by Hitachi Ventures. Existing investors Accel India, Bertelsmann India Investments, Omnivore and 3one4 Capital also participated, while Henkel and Teknor Apex joined as new investors.
The latest round takes Scimplify’s total equity funding to USD 80 million. Both Henkel and Teknor Apex are also customers of the company, with Teknor Apex set to support its US expansion as a manufacturing partner.
Scimplify plans to use the fresh capital to expand its research, processing and manufacturing capabilities in the US. The focus will be on materials used in semiconductors, defence, energy and AI infrastructure.
Founded in 2023 by Sachin Santhosh, Salil Srivastava, Dheeraj Dhingra and Hersh Manek, Scimplify works on developing and manufacturing specialty chemicals and advanced materials. The company combines laboratory research with its AI-enabled platform, Scinode, to develop materials and scale up production.
Scimplify said it serves customers in more than 40 countries, with over 40% of its portfolio focused on advanced materials for semiconductors, batteries and critical minerals. Its expansion plans also include building local manufacturing capacity in the US, adding manufacturing partners and securing supplies of critical metals and rare earth materials.
Bengaluru-based Scimplify has raised USD 25 million in a strategic funding round led by Hitachi Ventures. Existing investors Accel India, Bertelsmann India Investments, Omnivore and 3one4 Capital also participated, while Henkel and Teknor Apex joined as new investors.
The latest round takes Scimplify’s total equity funding to USD 80 million. Both Henkel and Teknor Apex are also customers of the company, with Teknor Apex set to support its US expansion as a manufacturing partner.
Scimplify plans to use the fresh capital to expand its research, processing and manufacturing capabilities in the US. The focus will be on materials used in semiconductors, defence, energy and AI infrastructure.
Founded in 2023 by Sachin Santhosh, Salil Srivastava, Dheeraj Dhingra and Hersh Manek, Scimplify works on developing and manufacturing specialty chemicals and advanced materials. The company combines laboratory research with its AI-enabled platform, Scinode, to develop materials and scale up production.
Scimplify said it serves customers in more than 40 countries, with over 40% of its portfolio focused on advanced materials for semiconductors, batteries and critical minerals. Its expansion plans also include building local manufacturing capacity in the US, adding manufacturing partners and securing supplies of critical metals and rare earth materials.
