About SimpliSmart
SimpliSmart is a Technology company based in San Francisco (United States) founded in 2022 by Devansh Ghatak and Amritanshu Jain. It operates as a platform for machine learning model training and deployment is offered. SimpliSmart has raised $14.52 million across 4 funding rounds from investors including Angel List, Accel and LetsVenture. The company has 1 employees. SimpliSmart was last valued at $27.06 million in September 2024. Its chief executive is Amritanshu Jain. Its website simplismart.ai draws about 12 thousand monthly visits. Its Indian entity Verute Technologies Private Limited reported revenue of ₹61.3 Lakh. SimpliSmart offers products and services including SimpliTune, SimpliDeploy, SimpliObserve, SimpliLLM, and SimpliScribe. Its focus areas include High Tech, AI Infrastructure, Machine Intelligence Systems and Machine Learning Platforms. Its competitors include Veritone, Anyscale, Comet, Abacus.AI and DataRobot and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
SimpliSmart was founded in 2022 in San Francisco, United States, as a provider of a platform focused on machine learning model training and deployment. Tools for fine-tuning, deploying, and observing models are included, with integration managed for cloud providers and on-premise setups. Solutions are offered for workflows across industries and applications such as large language models, speech-to-text systems, and stable diffusion technologies.
- Headquarters San Francisco, United States
- Employees 1
- Founders Devansh Ghatak, Amritanshu Jain
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website simplismart.ai
- Social LinkedIn X
- Legal Name Verute Technologies Private Limited
- Date of Incorporation 12 Sep, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹61.3 Lakh
FY 2024 · +30648359% YoY
- Net Loss-₹67.4 Lakh
FY 2024 · -110% margin
- EBITDA-₹66 Lakh
FY 2024 · -108% margin
- Total Equity Funding$14.52M (USD)
in 4 rounds
- Latest Funding Round$7M (USD), Series A
Sep 2024
- InvestorsAngel List
& 15 more
- Employee Count1
Associated legal entities of SimpliSmart
SimpliSmart operates through Verute Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Verute Technologies Private Limited CIN U72200KA2022PTC165981 | Active | 12 Sep 2022 | Bangalore, Karnataka | ₹0.6 Cr | 23 | 2 | View details |
Products & Services of SimpliSmart
SimpliSmart offers a comprehensive portfolio of products and services, including SimpliTune, SimpliDeploy, SimpliObserve, SimpliLLM, and SimpliScribe.
Platform for fine-tuning ML models with parallel experiments.
Tool for deploying models on various infrastructures securely.
Dashboard for tracking GPU utilization and model performance.
API for running and optimizing large language models.
Service for fast, multilingual transcription of audio.
API for stable diffusion and text-to-image creation.
Funding Insights of SimpliSmart
SimpliSmart has successfully raised a total of $14.52M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $14.52M
- Total Rounds 4
- Last Round Series A — $7M
- First Round $233,602
(Oct 2022)
- Investors Count 16
All 4 funding rounds of SimpliSmart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $7M | Series A | $27.06M | Accel | |
| Jul 2024 | – | Grant | – | – | |
| Feb 2024 | $7.28M | Seed | – | Accel | |
| Oct 2022 | $233,602 | Seed | $1.87M | Anicut Capital |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $27.06M | •••••••• |
| Feb 2024 | $5.94M | •••••••• |
| Oct 2022 | $••••• | •••••••• |
Full valuation and stage history of SimpliSmart
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $27.06M (Sep 2024). 16 investors in total: 9 institutional and 7 angel.
Investors in SimpliSmart
SimpliSmart has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Accel and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital investments are provided to early-stage startups across sectors. | – | shastra.vc | Bengaluru, India | |
Investments are made in early-stage companies by Titan Capital. | – | titancapital.vc | Gurugram, India | |
Venture capital fund and startup accelerator focused on technology sectors | – | dallasvc.com | Irving, United States | |
Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India. | 2015 | anicutcapital.com | Chennai, India | |
Accelerator providing funding and advisory solutions to startups | 2013 | pieds-bitspilani.org | Pilani, India | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
- | – | googleforstartups.tcc.mode | - | |
AK Akshay Kothari | - | – | unknown_6ad2d53a091d45d98 | - |
Investor details for SimpliSmart
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Board of directors of Verute Technologies Private Limited (SimpliSmart)
Verute Technologies Private Limited is the primary company behind SimpliSmart. The board of Verute Technologies Private Limited currently have 2 directors; the longest-serving is Amritanshu Jain, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amritanshu Jain DIN 09734085 | Director | 12 Sep 2022 | 4 yrs 1 mo | Verute Technologies Private Limited |
| Devansh Ghatak DIN 09734086 | Director | 12 Sep 2022 | 4 yrs 1 mo | Verute Technologies Private Limited |
People of SimpliSmart
5 people are tracked at SimpliSmart (3 in leadership, 2 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Daksh Goel | Founder's Office | Leadership |
Tushar Goel | Founding Engineer | Team |
Malvika Sridhar | Customer Success Manager | Team |
Complete people profiles for SimpliSmart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of SimpliSmart
Figures of Verute Technologies Private Limited, the primary company behind SimpliSmart, for FY 2024. Revenue was ₹61.3 Lakh (+30648359% year on year). Net loss was -₹67.4 Lakh (-110% margin). EBITDA was -₹66 Lakh (-108% margin).
- ₹61.3 LakhRevenue · FY 2024 · +30648359% YoY
- -₹67.4 LakhNet loss · -110% margin
- -₹66 LakhEBITDA · -108% margin
- ₹18,080Paid-up capital
- 23Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Verute Technologies Private Limited are on its company page.
Detailed financial statements for SimpliSmart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SimpliSmart
4 dated milestones of SimpliSmart across 2 years, from founding to its latest funding, stage changes and deals.
- Founded SimpliSmart is founded.
- Funding First funding round of $234K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $7.0M.
Competitors of SimpliSmart
SimpliSmart has 9 listed competitors in our database, 9 of them funded. They include Veritone, Anyscale, Comet, Abacus.AI and DataRobot, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| veritone.com | 2014 | Irvine, United States | $15M | 487 | AI-driven analytics for audio and video content are provided. | |
| anyscale.com | 2019 | San Francisco, United States | $280.53M | 118 | Provider of an AI-based open source framework for building distributed applications | |
| comet.com | 2017 | New York, United States | $63.02M | – | AI and SaaS-based ML solutions | |
| abacus.ai | 2019 | San Francisco, United States | $90.25M | 49 | Provides AI based data models creation for data science | |
| datarobot.com | 2012 | Boston, United States | $1.05B | 453 | Provider of an AI and cloud based data science platform | |
| mindsdb.com | 2017 | Berkeley, United States | $53.68M | – | Predictive analytics platform for enterprise data | |
| modular.com | 2017 | Mountain View, United States | $380M | – | Next-generation AI development platform is built with modular components. | |
| 4paradigm.com | 2014 | Beijing, China | $1.07B | – | AI-based data science and modeling platform is provided. | |
| yitutech.com | 2012 | Xuhui, China | $385.07M | – | AI-based decision intelligence platforms are provided for multiple sectors. |
Detailed competitors of SimpliSmart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of SimpliSmart
The website of SimpliSmart (simplismart.ai) receives about 12.1K visits a month.
- Monthly visits12.1K
▲ 17.7% vs previous month
Websites whose visitors overlap most with SimpliSmart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| prontopanels.com | 100% | 13.2K | #1,984,181 | View details | |
| entrackr.com | 67% | 753.1K | #77,013 | View details |
Top companies in AI Core Platforms & Infrastructure
10 companies that operate in the same segment as SimpliSmart (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | – | 11,115 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,820 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | – | 6,146 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | 1,401 |
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Related news about Simplismart
Complete news archive for SimpliSmart
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Frequently Asked Questions about SimpliSmart
SimpliSmart was founded in 2022.
SimpliSmart is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Amritanshu Jain is the current CEO of SimpliSmart. They have also founded this company.
SimpliSmart is a funded company, having raised a total of $14.52M across 4 funding rounds to date. The company's 1st funding round was a Seed of $233.6K, raised on Oct 2022.
SimpliSmart has 1 employees.
The primary company behind SimpliSmart, Verute Technologies Private Limited, reported revenue of ₹61.3 Lakh for FY 2024, up 30648359% year on year.
SimpliSmart was founded in 2022 in San Francisco, United States, as a provider of a platform focused on machine learning model training and deployment. Tools for fine-tuning, deploying, and observing models are included, with integration managed for cloud providers and on-premise setups. Solutions are offered for workflows across industries and applications such as large language models, speech-to-text systems, and stable diffusion technologies.
SimpliSmart offers SimpliTune, SimpliDeploy, SimpliObserve, SimpliLLM, and 2 more products and services.
SimpliSmart has 16 investors. Key investors include Angel List, Accel, LetsVenture, Anicut Capital, and PIEDS.
The valuation of SimpliSmart is $27.06M as of Sep 2024.
SimpliSmart operates through Verute Technologies Private Limited.