Scimplify raises $25 million to make specialty chemicals outside China
Supply-chain diversification, measured in how fast a new chemical can reach a factory.
Bengaluru-based Scimplify raised $25 million in an all-equity round led by Hitachi Ventures, with customers Henkel and Teknor Apex joining, bringing its total equity funding to $80 million. A person familiar with the deal put the post-money valuation at $250 million. The startup develops manufacturing processes in its labs in Bengaluru and Hyderabad and hands them to partner factories, using its AI platform Scinode to coordinate; co-founder Sachin Santhosh says it has gone from customer requirements to finished material in two months, versus the usual 12 to 18.
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Speciality chemicals
After exploring Scimplify raises $25M to challenge China's grip on critical materials with AI, the market it is chasing is Speciality chemicals.
Chemical products such as adhesives, coatings, polymers and lubricants that many other industries, from automotive to aerospace, rely on.
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