Nvidia is in advanced talks to lead a $20 million funding round in generative artificial intelligence startup Simplismart at a valuation of around $100 million, as the US chipmaking giant doubles down on India’s emerging AI infrastructure ecosystem, people aware of the matter told ET.
The projected valuation would mark a fourfold jump from the roughly $25 million at which Simplismart raised $7 million in October 2024. Existing investor Accel is also expected to participate in the round, while at least one new investor is likely to join the financing, the people said.
Nvidia and Simplismart did not respond to ET’s queries till press time Sunday.
