Scimplify's R&D Surge: $40M to Revolutionize Specialty Chemicals

Scimplify, a specialty chemical sourcing and manufacturing platform, is ramping up its research and development (R&D) efforts following a successful $40 million Series B funding round co-led by Accel and Bertelsmann India Investments.

The investment will drive the company’s global expansion and revenue growth, with a substantial portion allocated to enhancing its R&D capabilities. "We are expanding our lab facilities and collaborating with third-party R&D centers to offer a broader range of technologies and solutions to our customers," said Co-Founder Sachin Santhosh.

As part of its aggressive international expansion strategy, Scimplify plans to establish offices and teams in six new countries within the next year while leveraging channel partnerships to enter additional markets. Originally focused on India, the company now serves clients across 16 countries in industries such as oil and gas chemicals, water treatment, and textile chemicals.

News by Rahul Yelligetti.