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Hitachi Ventures leads $25M strategic round in advanced materials platform Scimplify. The company will expand US capacity for semiconductor, defence, energy and AI infrastructure materials.
Amount Raised
$25 Million
Round Type
Corporate Round
BengaluruManufacturingBiotechnologyInvestors
Description
Hitachi Ventures led a $25 million strategic funding round in Scimplify, an Indian advanced materials and specialty chemicals manufacturer. New investors Henkel and Teknor Apex joined alongside returning backers Accel, 3one4 Capital, Bertelsmann India and Omnivore. Teknor Apex will also serve as a manufacturing partner for Scimplify's US expansion. The investment brings Scimplify's total equity funding to $80 million, with the company reporting an annualized revenue run rate of $200 million.
Fundz sees it the moment Scimplify raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Scimplify raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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