Scimplify raises $25M to expand AI-assisted critical materials production

TechCrunch reports that Bengaluru-based Scimplify raised $25 million to expand its specialty chemicals and critical materials business. Its Scinode platform helps identify production routes and partner factories as the startup works to offer alternatives for materials with supply concentrated in China. Co-founder Sachin Santhosh said Scimplify plans to expand its production network to the U.S. and Japan; he put its annualized revenue run rate at about $200 million, triple a year earlier.