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.
