Simplismart, a Bengaluru-based SaaS business, has raised $7 million in a Series A round sponsored by Accel

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The round included investment from Shastra VC, Titan Capital, and others

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The business wants to use the new funding to boost R&D efforts and accelerate growth

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Simplismart was founded in 2022 by Amritanshu Jain and Devansh Ghatak with the goal of simplifying AI adoption for enterprises

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The company's platform addresses performance tradeoffs in enterprise AI adoption, making AI-powered projects more realistic

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The financing coincides with increased investor interest in the indigenous B2B AI market

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Data Science Wizards, a PaaS business, recently raised early funding from unnamed investors

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According to a research, India has over 100 generative AI (GenAI) startups that have secured over $600 million in funding between 2019 and H1 2024

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GenAI unicorns Krutrim, owned by Ola, and SarvamAI are leading the way

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