Nvidia backs Indian AI startup Simplismart in $14 million round

Nvidia has invested in Indian startup Simplismart, whose software helps companies run AI models more efficiently, sometimes with fewer GPUs. The $14 million Series B, led by Dallas Venture Capital with Accel, Shastra VC and Micromax, values the four-year-old firm at about $100 million. Simplismart says its revenue run rate grew 14-fold in six months.