Simplismart, an AI infrastructure startup, has raised $7 million in its Series-A funding round led by Accel. The round also saw participation from Shastra VC, Titan Capital, and high-profile angels, including Akshay Kothari, Co-Founder of Notion.
The funds raised will be used towards R&D and accelerate growth for their enterprise-focused MLOps orchestration platform.
“Building generative AI applications is a core need for enterprises today. However, the adoption of generative AI is far behind the rate of new developments. It’s because enterprises struggle with four bottlenecks: lack of standardized workflows, high costs leading to poor ROI, data privacy, and the need to control and customise the system to avoid downtime and limits from other services,” said Amritanshu Jain, Co-Founder and CEO at Simplismart.
Amritanshu Jain added, “Until now, enterprises could leverage off-the-shelf capabilities to orchestrate their MLOps workloads since the quantum of workloads, be it the size of data, model or compute required, was small. As the models get larger and the workload increases, it will be imperative to have command over the orchestration workflows. Every new technology goes through the same cycle: exactly what Terraform did for cloud, Android Studio for mobile, and Databricks/Snowflake did for data.”
“As GenAI undergoes its Cambrian explosion moment, developers are starting to realise that customizing & deploying open-source models on their infrastructure carries significant merit; it unlocks control over performance, costs, customizability over proprietary data, flexibility in the backend stack, and high levels of privacy/security,” said Anand Daniel, Partner at Accel.
“We were happy to see that Simplismart’s team saw this opportunity quite early, but what blew us away was how their tiny team had already begun serving some of the fastest-growing GenAI companies in production. It furthered our belief that Simplismart has a shot at winning in the massive but fiercely competitive global AI infrastructure market,” he added.
Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart is a cloud/model-agnostic MLOps workflow orchestration platform that helps organizations fine-tune, deploy, and observe models at scale using a declarative standardized language.
Simplismart offers organizations a declarative language that simplifies fine-tuning, deploying, and monitoring genAI models at scale.
Simplismart’s end-to-end MLOps platform standardizes these orchestration workflows, allowing the teams to focus on their core product needs rather than spending numerous manhours building this infrastructure.
Simplismart has engineered this breakthrough in speed within a comprehensive MLOps platform tailored for on-prem enterprise deployments – agnostic towards choice of model and cloud platform.
