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Simile raised $200M in Series B funding at a $2 billion valuation, led by Greenoaks. The capital will accelerate its AI-powered models and scale operations in healthcare and financial services.

PRIVATEJul 30, 2026•10 days ago

Amount Raised

$200 Million

Round Type

Series B

Palo AltoSoftwareArtificial IntelligenceAnalyticsMachine Learning

Investors

DefinitionCvs Health VenturesFactoryA*Bain Capital VenturesHanabiIndex VenturesGreenoaks

Description

Simile, based in San Francisco, raised $200 million in Series B funding at a $2 billion valuation. The round was led by Greenoaks, with participation from Index Ventures, Hanabi, Bain Capital Ventures, and others. The company plans to use the new capital to enhance its AI models and expand its operations. Founded by Joon Sung Park, Simile serves enterprise clients with its simulation platform.

Company Information

Company

Simile

Location

Palo Alto, California, United States

About

Simile is the simulation company, built for leading enterprises. We support world class customers like Gallup, CVS, Wealthfront and Suntory to accelerate growth, shorten innovation cycles, and derisk decisions. Backed by Index, Hanabi, BCV and A* along with angels including Fei‑Fei Li, Andrej Karpathy, Adam D’Angelo, Guillermo Rauch, Scott Belsky, and others. Simile is the trusted partner for modernizing enterprise decision making.

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Strategic

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Funding Insights

Based on industry data

Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

Growth expectations

Series B companies are expected to scale rapidly and expand market reach

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech