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Nvidia backs Indian startup Simplismart with $14M to optimize AI model efficiency and reduce GPU costs

Market News
27 Oct 2026, 14:00 WIB
TechCrunch
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Bullish
Nvidia backs Indian startup Simplismart with $14M to optimize AI model efficiency and reduce GPU costs

Nvidia led a $14 million Series B funding round in Indian startup Simplismart, which develops software to help companies run AI models more efficiently, often with fewer GPUs. Simplismart's platform automates the deployment and management of AI models to balance speed, cost, and performance tailored to business needs. The startup has shown significant growth, with a 14-fold increase in annualized revenue over six months and notable clients including InVideo and Yotta. Nvidia's investment aims to enhance AI hardware adoption by improving software efficiency, despite the paradox of supporting technology that reduces GPU usage. Simplismart plans to expand in the U.S., grow its team, and further develop its software.

As of Oct 27, 2026 17:43 WIB, Nvidia's stock trades at USD 216.86 on Pluang, showing a modest 0.39% gain for the day. The company holds a substantial market cap of $5.22 trillion and an enterprise value of $5.19 trillion. Pluang investors currently lean slightly bullish, with 57% of order activity on Nvidia shares being buys.

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