Synopsis
Simplismart, an innovative AI infrastructure startup, is in talks to secure between $40 and $50 million in funding, which could potentially boost its valuation from $100-120 million up to $300-400 million. Notable investors like Peak XV Partners and Damac Digital are eyeing stakes in the company, which was established by ex-Oracle and Google engineers.
New Delhi: AI infrastructure startup Simplismart is in talks to raise $40-50 million at a valuation of $300-400 million, potentially more than tripling its valuation in a matter of months, as investors step up bets on a limited pool of artificial intelligence businesses in India, according to people aware of the development.Peak XV Partners and Damac Digital, the data centre arm of Dubai-based real estate group Damac, are in discussions to
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