Nvidia backs Indian startup Simplismart in $14M round

Nvidia has backed Indian startup Simplismart in a $14 million Series B round, betting on software that helps companies run AI models more efficiently on existing GPUs. The deal values the four-year-old Bengaluru company at about $100 million, with Dallas Venture Capital leading the investment.

• $14M Series B values Simplismart at about $100 million
• Its software cut InVideo's GPU serving costs by 56%
• Annualized revenue grew 14-fold in six months to an eight-figure sum
• Over half of revenue comes from the U.S.; team stands at 58 people