Scimplify Raises $25 Million to Expand AI Chemicals Output as U.S. Revenue Hits $60 Million
Updated
Updated · TechCrunch · Oct 14
Scimplify Raises $25 Million to Expand AI Chemicals Output as U.S. Revenue Hits $60 Million
3 articles · Updated · TechCrunch · Oct 14
Summary
$25 million in new equity will fund Scimplify’s push into specialty chemicals and critical materials, with the Bengaluru startup planning U.S. and Japan manufacturing expansion to help customers diversify away from China.
Hitachi Ventures led the round, joined by customers Henkel and Teknor Apex, lifting Scimplify’s total equity funding to $80 million and valuing it at about $250 million, up from $150 million after its 2025 Series B.
Scimplify says its AI platform, Scinode, can cut development-to-delivery timelines to as little as two months from a typical 12 to 18 months by matching production routes, factories, quality controls and regulatory needs.
U.S. annualized revenue run rate has climbed sixfold to about $60 million, part of an overall $200 million run rate that has tripled year over year; the company is targeting $400 million next year and says it is nearing profitability.
Energy, electronics and defense now generate roughly 45% to 50% of revenue, reflecting rising demand for materials tied to AI infrastructure and defense supply chains still concentrated in China.