Scimplify raises $25M to challenge China’s grip on critical materials with AI

What happened: Indian startup Scimplify raised $25 million in an all-equity round led by Hitachi Ventures to expand its AI-powered production of specialty chemicals and critical materials, targeting semiconductors, defense and energy. Key numbers: Round led by Hitachi Ventures, with Henkel and Teknor Apex as new investors. Total equity funding $80 million. Annualized revenue run rate about $200 million, up from a year earlier. U.S. Why it matters: The funding supports expansion into the U.S. and Japan and efforts to offer alternatives to materials whose supply is concentrated in China.

Indian startup Scimplify raised $25 million in an all-equity round led by Hitachi Ventures to expand its AI-powered production of specialty chemicals and critical materials, targeting semiconductors, defense and energy.

The funding supports expansion into the U.S. and Japan and efforts to offer alternatives to materials whose supply is concentrated in China.