Scimplify Raises $25 Million to Build AI Sourcing for Materials

14 Oct 2026, 4:30 pm · 3h ago · 1 min read · TechCrunch AINew

Amount

$25M

Specialty chemicals and materials platform Scimplify has raised $25 million in fresh funding to expand operations and challenge China's dominance in critical materials sourcing. The company leverages artificial intelligence to streamline manufacturing, procurement, and supply chains for complex industrial formulations and chemical products. Scimplify reported that its annualized revenue run rate has surged threefold to $200 million. The startup plans to deploy the newly raised capital towards expanding its commercial footprint in the United States and strengthening its AI-driven tech stack for global enterprise customers.