Bengaluru-based advanced materials company Scimplify has raised $25 million in a strategic round led by Hitachi Ventures. The Scimplify funding was reported by Global Venturing on 14 October 2026 and listed by Inc42 among that week’s Indian startup deals.
Henkel and Teknor Apex joined as new investors, while Accel, 3one4 Capital, Bertelsmann India and Omnivore returned. Global Venturing says total equity funding to date is $80 million. The company was founded by Sachin Santhosh, Salil Srivastava, Dheeraj Dhingra and Hersh Manek. The valuation was not disclosed in that report.
What Will Scimplify Do With the Funding?
According to Global Venturing, the money will go towards expanding domestic production of materials for semiconductors, defence, energy and AI infrastructure. Scimplify also plans to build US-based research and process-development teams, expand US manufacturing and processing capacity, add qualified American manufacturing partners, and secure feedstock for critical metals and rare earth materials. Teknor Apex is becoming one of those manufacturing partners.
Why Does the Round Matter for Indian Industry?
Scimplify works in specialty chemicals and advanced materials, a segment that supplies inputs to electronics, defence and energy supply chains. Global Venturing reports an annualised revenue run rate of $200 million for the company; this figure comes from a single report and was not independently confirmed. The strategic investors include Henkel, a materials and adhesives company, and Teknor Apex, a US polymer maker, which signals interest from industrial players as well as financial investors.
Industry Reaction and Expert Commentary
Radhika Ananth, managing director of India at Hitachi Ventures, said, “Specialty chemicals demand has outgrown the models built to serve it.” No comment from industry bodies or market reaction was found at the time of writing.
What Happens Next?
Watch for the US research and process-development hires, new US capacity and the first partnerships with American manufacturers. The company has not announced dates for these steps in the sources reviewed.
Frequently Asked Questions
How much did Scimplify raise?
Scimplify raised $25 million in a strategic round led by Hitachi Ventures, with Henkel and Teknor Apex as new investors.
What does Scimplify make?
It is a Bengaluru-based advanced materials and specialty chemicals company serving areas such as semiconductors, defence, energy and AI infrastructure.
Where will Scimplify use the money?
It will expand domestic production, build US research and process-development teams, grow US manufacturing capacity and secure feedstock for critical metals and rare earth materials.
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