October 17, 2024: Simplismart Secures $7M to Revolutionize AI Deployment - AI inference startup Simplismart, officially Verute Technologies, raised $7M in Series A funding led by Accel to enhance its platform for enterprises to run AI models with rapid inference and full control. Simplismart addresses challenges like scalability, data security, and cost associated with AI deployment, providing a unique inference engine and MLOps platform. Founded in 2022, it has already captured 30 customers and aims to reach $5M revenue by early next year. The funds will boost product development, recruitment, and marketing efforts in the competitive AI infrastructure market.
