Simplismart

Based in Karnataka, India, and founded in 2022 by co-founders by Amritanshu Jain and Devansh Ghatak, Verute Technologies Private Limited doing business as Simplismart, operates as a developer of artificial intelligence-based system designed for model deployment by providing a platform. In July 2024, Simplismart raised INR 587. 28 million in seed funding led by Accel, with participation from Titan Capital and Anicut Capital. In October 2024, Simplismart raised USD 7 million led by Accel, with participation from Shastra VC and Titan Capital.

Simplismart offers a variety of tools designed to streamline the training, deployment, and management of Generative AI models by integrating technologies for deploying large language models (LLMs), speech-to-text (STT) services, and text-to-image generation models Its platform supports deployment across major cloud providers, including AWS, Azure, and GCP, as well as on-premises environments. The company developed SimpliLM, which Facilitates the deployment and fine-tuning of large language models with lightning-fast inference speeds and cost-effective solutions. In addition, the firm provides SimpliScribe, that offers speech-to-text services, supporting over 100 languages with high accuracy and rapid transcription speeds. Verute Technologies Private Limited developed SimpliDiffuse, which provides text-to-image generation APIs.

As of 2024, the firm serves various industries such as financial services, Adtech, Commerce, and many more.   The company generates revenue based on a pay as you go subscription model that charges its customers based on their requirements such as language models, speech to text, and text to image.