Scimplify secures $25M to expand critical materials supply outside China
Hitachi Ventures led the Indian startup’s funding round, with customer Henkel joining as an investor, according to The Next Web. The publication says its production network is headed to the US and Japan, not Europe. TechCrunch reports that Scimplify’s annualized revenue run rate has tripled to $200 million.
- Scimplify also supplies specialty chemicals, according to The Next Web.
Covered by 4 publishers within 13 hours of the first report.
Reporting4
TechCrunch Scimplify raises $25M to challenge China’s grip on critical materials with AI · Jagmeet Singh
RuntimeWire Scimplify raises $25M to build chemical supply chains beyond India · RuntimeWire Staff
The Next Web Scimplify raises $25M to speed up critical materials production with AI · Ana-Maria Stanciuc
SiliconANGLE Chemical sourcing startup Scimplify closes $25M investment · Maria Deutscher