Nvidia backs Indian startup helping companies run AI models with fewer GPUs

Nvidia has invested $14 million in Simplismart, an Indian startup that helps companies run AI models more efficiently and with fewer GPUs, through a software that automates the deployment and management of AI models on existing computing infrastructure. Simplismart's software, which sits between AI models and computing infrastructure, optimizes factors such as response time, request handling, and computing power consumption. The startup claims to have grown its annualized revenue run rate 14-fold in six months, with over half of its revenue coming from the US. The investment values Simplismart at around $100 million, including the new funding.