Scimplify raises $25M to challenge China’s grip on critical materials with AI

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The startup is targeting a $400 million annualized revenue run rate over the next year. The startup works with customers including Japanese electronics manufacturer TDK, German chemicals group BASF, and Hitachi. With its latest funding, Scimplify plans to deploy around $7. 5 million for its U. S. expansion, including building out its manufacturing network, Santhosh said.

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