Simplismart - About the company
Simplismart is a seed company based in San Francisco (United States), founded in 2022 by Devansh Ghatak and Amritanshu Jain. It operates as a Provider of a platform for deploying and scaling inference models. Simplismart has raised $7.52M in funding from Accel and Anicut Capital, with a current valuation of ₹*****. The company has 2248 active competitors, including 155 funded and 17 that have exited. Its top competitors include companies like Goodfire, Fireworks and Bria.
Company Details
Provider of a platform for deploying and scaling inference models. It supports large language models, vision language models, diffusion, and speech models. The platform offers model library, custom model imports, and integration with cloud repositories. It provides tools for autoscaling, modular inference stack, and optimization for various use cases.
- Website
- simplismart.ai
- Social
- Email ID
- *****@simplismart.tech
- Registered Address
- 133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025
Key Metrics
Founded Year
2022
Location
San Francisco, United States
Stage
Seed
Total Funding
$7.52M in 3 rounds
Latest Funding Round
Post Money Valuation
₹***** as on May 12, 2025
Ranked
10th among 2248 active competitors
Annual Revenue
₹1.44Cr as on Mar 31, 2025
Employee Count
23 as on May 31, 2025
Similar Companies
Legal entities associated with Simplismart
Simplismart is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VERUTE TECHNOLOGIES PRIVATE LIMITED CIN: U72200KA2022PTC165981 , India, Active | Sep 12, 2022 | $170K (As on Mar 31, 2025) | 30 (As on Mar 01, 2026) |
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Simplismart's funding and investors
Simplismart has raised a total funding of $7.52M over 3 rounds. Its first funding round was on Oct 27, 2022. Its latest funding round was a Grant (prize money) round on Jul 18, 2024 for $*****. 1 investor participated in its latest round. Simplismart has 11 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of Simplismart:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 18, 2024 | 6386569 | Grant (prize money) | 9797174 | 1331986 | 3695570 | 1522375 |
Feb 29, 2024 | 8957213 | Seed | 7174990 | 6956036 | 2255356 | |
Oct 27, 2022 | 5946059 | Seed | 3104531 | 9037758 |
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Simplismart's founders and board of directors
Founder? Claim ProfileThe founders of Simplismart are Devansh Ghatak and Amritanshu Jain. Amritanshu J and Amritanshu Jain are the CEOs of Simplismart.
Here are the details of Simplismart's key team members:
- Devansh Ghatak: Co-Founder & CTO of Simplismart and founder of 1 other company. They serve on the board of 1 company.Contact Info: 2 email addresses
- Amritanshu Jain: Co-Founder and CEO of Simplismart. They serve on the board of 1 company.
View details of Simplismart's Founder profiles and Board Members
Simplismart's employee count trend
Simplismart has 23 employees as of May 25. Here is Simplismart's employee count trend over the years:
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Simplismart's Competitors and alternates
Top competitors of Simplismart include Goodfire, Fireworks and Bria. Here is the list of Top 10 competitors of Simplismart, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Goodfire 2024, San Francisco (United States), Series B | Interpretability tooling for generative AI models | $209M | 71/100 | |
2nd |  Fireworks 2022, Redwood City (United States), Series C | Generative AI platform as a service for accelerating product innovation and disruption | $307M | 71/100 | |
3rd | Provider of licensed data-trained AI platform for visual content generation | $65M | 68/100 | ||
4th |  Cartesia 2023, San Francisco (United States), Series A | Provider of real-time text-to-speech API with AI laughter and emotion | $86M | 67/100 | |
5th | Arcee.ai 2023, Miami (United States), Series A | Platform to train, and deploy language models | $29.5M | 62/100 | |
6th | Predibase 2020, San Francisco (United States), Acquired | Provider of a low-code and cloud-based AI application development platform | $28.4M | 61/100 | |
7th |  Sema4 2024, Atlanta (United States), Series A | Developer of a platform for building and managing enterprise AI agents | $55.5M | 61/100 | |
8th |  Braintrust 2023, San Francisco (United States), Series B | Provider of an AI observability platform for building quality AI products | $121M | 61/100 | |
9th | SiliconFlow 2023, China, Series A | AI infrastructure platform to accelerate Artificial General Intelligence | $13.8M | 61/100 | |
10th |  Simplismart 2022, San Francisco (United States), Seed | Provider of a platform for deploying and scaling inference models | $7.52M | 60/100 |
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Simplismart's Latest cap tables and shareholding
Founders (largest shareholder) own 50.50%, Funds own 36.11%, Angels own 5.19% and ESOP Pool own 8.03%. The net worth of Simplismart's founders is INR 116Cr as of May 12, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 50.50% | 116Cr | 3963736 | 7897079 | 6000786 | 9133893 |
7717846 | 1740107 | 5717379 | 8759750 | 6831673 | 9611149 | |
6057656 | 6911198 | 3723817 | 9589021 | 4258993 | 1415644 | |
Fund | 36.11% | 82.6Cr | 6415298 | 3715739 | 5148923 | 6452802 |
3522925 | 2665151 | 8623593 | 2279571 | 8285526 | 2832499 | |
307 | 661 | 528 | 876 | 644 | 638 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Angel | 5.19% | 11.9Cr | 14697 | 16794 | 89094 | 68380 |
32 | 81 | 36 | 98 | 25 | 12 | |
ESOP Pool | 8.03% | 18.4Cr | 4230902 | 6665723 | 4319279 | 1544268 |
Other Investors | 0.15% | 34.7L | 0 | 0 | 0 | 0 |
Total | 99.98% | 229Cr | 7619702 | 8864789 | 8254464 | 4310637 |
To unlock detailed Cap Table of Simplismart Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Simplismart's Shareholding
Simplismart's Investments and acquisitions
Simplismart has made no investments or acquisitions yet.
Reports related to Simplismart
Here is the latest report on Simplismart's sector:
News related to Simplismart
Media has covered Simplismart for a total of 4 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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Simplismart, Yotta Team Up to Deliver Fast and Local AI Infrastructure for IndiaAnalytics India Magazine•Oct 08, 2025•Simplismart, Yotta
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Simplismart secures $7M funding to empower AI adoptionTFiR•Nov 05, 2024•Simplismart, Shastra, Titan Capital
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Simplismart raises $7M to help enterprises run their own AI models with rapid inference and full controlSiliconAngle•Oct 18, 2024•Simplismart, Shastra, Titan Capital, Accel and 1 other
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Ex-Oracle and Google Engineers Get $7 Million From Accel for Public Launch of Simplismart to Empower AI AdoptionAiThority•Oct 17, 2024•Simplismart, Accel, Shastra, Titan Capital and 2 others
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LeagueApps Youth Sports Company Gets Accel-KKR, Arctos FundingSportico•Oct 11, 2024•LeagueApps, Accel-KKR, Arctos Sports Partners, Contour Venture Partners and 6 others
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Former Meta COO Sheryl Sandberg makes second investment in Bengaluru AI startupMoneycontrol•Aug 19, 2024•Simplismart, Anicut Capital, Titan Capital, Accel and 5 others
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Gen AI startup Simplismart to raise $7 Mn led by AccelEntrackr•Jul 10, 2024•Simplismart, Accel, Anicut Capital, Sunn91 and 2 others
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