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✦Reported by Moneycontrol

Accel-backed Scimplify raises $25 million in funding led by Hitachi Ventures

Accel-backed Scimplify raises $25 million in funding led by Hitachi Ventures
Source: Moneycontrol

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Bengaluru-based startup Scimplify raised $25 million in a funding round led by Hitachi Ventures.
  • ✓The company helps businesses scale laboratory materials for commercial production.
  • ✓Co-founder Sachin Santhosh said, “The future is being invented faster than the world can manufacture it.” They will use these funds to expand their global manufacturing capabilities.

Story at a Glance

Category
BUSINESS
Reported By
Moneycontrol
Reading Speed
4 Minute(s)
Market Focus
India Economy

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Scimplify, a Bengaluru-based advanced materials and specialty chemicals startup, has raised $25 million in a strategic funding round led by Hitachi Ventures, as it looks to expand its manufacturing capabilities and build a larger presence in global markets.

The round also saw participation from Teknor Apex, Henkel and an unnamed Japanese chemical giant. Existing investors Accel, Bertelsmann India Investments, 3one4 Capital and Omnivore also participated, taking the company's total disclosed funding to $80 million.

Founded in 2023, Scimplify works with companies that have developed materials in laboratories but need help scaling them up for commercial production. It combines process development, technology transfer, pilot batches and manufacturing through a network of more than 500 qualified manufacturing partners.

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Accel-backed Scimplify raises $25 million in funding led by Hitachi Ventures | ArthNow