Scimplify, a Bengaluru-based startup specializing in developing and manufacturing specialty chemicals, raised $25 million in a funding round led by Hitachi Ventures, the company announced. The round also included strategic investors Teknor Apex, Henkel, and a Japanese chemical company, alongside existing backers Accel, 3one4 Capital, Bertelsmann India Investments, and Omnivore. This latest funding brings Scimplify’s total capital raised to about $80 million, according to livemint.com.
The fresh capital will be used to expand Scimplify’s research laboratories, deepen its presence in the US and Europe, and strengthen SciNode, the company’s proprietary artificial intelligence platform that manages the journey from chemical discovery to large-scale production. Co-founder Sachin Santhosh said the investors are strategic partners who are also customers, highlighting the participation of Hitachi, Teknor Apex, and Henkel. The company also plans to announce another Japanese investor soon, per livemint.com.
Scimplify’s fundraising reflects growing investor interest in India’s manufacturing sector amid a global push to diversify supply chains and rising demand for materials used in batteries, semiconductors, and other high-tech industries. Overseas markets currently contribute about half of Scimplify’s revenue, with expectations for that share to increase in the coming year. The involvement of strategic investors who are also customers underscores the startup’s positioning within the specialty chemicals market, according to livemint.com.
The company’s next steps include leveraging the new funds to enhance its AI-driven SciNode platform and expand its global footprint, particularly in the US and Europe. Scimplify’s total funding now stands at approximately $80 million, positioning it for accelerated growth in specialty chemical manufacturing, as reported by livemint.com.