Scimplify Raises $25M Led by Hitachi Ventures to Expand Chemical Manufacturing

Scimplify Co-founders: Dheeraj Dhingra, Salil Srivastava, and Sachin Santhosh

Indian specialty chemicals and critical materials platform Scimplify has secured $25 million in a strategic funding round led by Hitachi Ventures, bringing its total capital raised to $80 million.

Existing backers Accel, Bertelsmann India Investments, Omnivore, and 3one4 Capital participated, alongside new industrial investors and current customers Henkel and Teknor Apex.

This capital injection reportedly values the company at $250 million, a modest step-up from its $150 million valuation during its $40 million Series B in March 2025.

Why Has Scimplify Raised $25 Million in Fresh Funding?

Scimplify, an Indian B2B speciality chemicals manufacturing startup, has raised $25 million (approximately ₹238 crore) in a funding round led by Hitachi Ventures, the venture capital arm of Japan's Hitachi Group.

The round attracted participation from existing investors Accel, Bertelsmann India Investments, 3one4 Capital, and Omnivore. New investors include chemical companies Teknor Apex and Henkel, along with an undisclosed Japanese chemical company.

Scimplify will use the fresh capital to expand its research, processing and manufacturing capabilities across rare earth and critical metals purification. The funding will also support its semiconductor chemicals and battery chemicals businesses, alongside further development of SciNode, its agentic artificial intelligence (AI) platform.

The investment comes as Scimplify expands its manufacturing capabilities and international customer base. Founded in 2023, the startup combines speciality chemical sourcing, research and development (R&D), process development and commercial manufacturing through a network of manufacturing partners and technical experts.

Who Invested in Scimplify's Latest Funding Round?

Hitachi Ventures led the $25 million round, bringing a strategic investor with industrial technology expertise into Scimplify's investor base.

Investor	Participation
Hitachi Ventures	Lead investor
Accel	Existing investor
Bertelsmann India Investments	Existing investor
3one4 Capital	Existing investor
Omnivore	Existing investor
Teknor Apex	New investor
Henkel	New investor
Undisclosed Japanese chemical company	New investor

The participation of established chemical companies is particularly relevant to Scimplify's expansion across industrial chemicals and advanced materials. Henkel is both a new investor in this round and one of Scimplify's reported customers.

The investment also builds on the startup's previous fundraising. In March 2025, Scimplify raised $40 million in a Series B round co-led by Accel and Bertelsmann Investments, according to the cited report.

Together, the reported $40 million Series B and the latest $25 million round represent $65 million in funding across these two rounds, excluding any other capital raised.

How Will Scimplify Use the $25 Million Investment?

Scimplify plans to direct the funding towards four areas that support its growth in speciality chemicals and advanced manufacturing.

• Rare earth and critical metals: Expand research, processing and purification capabilities for materials used in advanced industrial applications.

• Semiconductor chemicals: Scale its high-purity chemical business to serve semiconductor-related manufacturing requirements.

• Battery chemicals: Increase capabilities in chemicals used in battery manufacturing and related applications.

• SciNode AI platform: Strengthen the agentic AI system connecting research, process development, control and physical manufacturing.

These investments are intended to strengthen Scimplify's position across the speciality chemicals value chain, from research and sourcing to production.

Rare earth and critical metals processing is a particularly important area of expansion because purification capabilities can be essential to downstream advanced manufacturing. Similarly, semiconductor and battery production requires specialised chemicals that meet demanding purity and process specifications.

Scimplify's investment in SciNode adds a software dimension to this manufacturing strategy. By connecting research and process development with operational control and physical production, the platform aims to coordinate activities that traditionally span multiple stages of chemical manufacturing.

The company has not disclosed a specific allocation of the $25 million across these priorities.

What Does Scimplify Do and How Has Its Business Grown?

Founded in 2023 by Sachin Santhosh, Salil Srivastava, Dheeraj Dhingra and Hersh Manek, Scimplify is a B2B platform specialising in end-to-end speciality chemical sourcing and manufacturing.

Its services include contract research, process development and commercial chemical manufacturing across several categories:

• Agrochemicals

• Active pharmaceutical ingredients (APIs)

• Fragrances

• Semiconductor chemicals

• Battery chemicals

• Rare earth and critical metals processing

The startup operates R&D facilities in Bengaluru and Hyderabad. Its manufacturing network includes more than 500 manufacturing partners and thousands of scientists and technical partners.

Scimplify also reports serving more than 1,000 customers across over 40 countries, although it says its own operations currently span five countries. These figures describe different aspects of its reach: the geographic footprint of its operations and the broader distribution of its customer base.

Accel partner Rachit Parekh highlighted the company's growth since the firm's initial investment.

“In the 18 months since our initial investment, Scimplify has grown from serving 600+ customers across 16 countries to building a global platform with 1,000+ customers across 40+ countries,” Parekh said.

The company lists Henkel, Coromandel, Dr Reddy's, Coherent, Holcim, BASF, Sanyo and Marubeni among its customers.

Its combination of R&D facilities, manufacturing partners and software infrastructure allows Scimplify to coordinate chemical development and production without relying exclusively on facilities it owns directly.

Why Is Scimplify Expanding Into the US Market?

Scimplify plans to expand its presence in the United States, initially targeting chemical categories where domestic processing capabilities remain limited.

The company's initial focus will include:

• Rare earth and critical metals purification and processing

• High-purity semiconductor chemicals

• Battery chemicals

These segments align with the company's broader strategy of supplying specialised chemical products and manufacturing capabilities to industrial customers.

Expanding in the US could give Scimplify access to customers seeking reliable sourcing and processing options for advanced manufacturing. However, execution will depend on its ability to meet customer specifications, establish suitable supply and production arrangements, and navigate the regulatory and operational requirements associated with each chemical category.

The latest funding gives Scimplify additional capital to develop these capabilities while continuing to serve customers across its existing international network.

How Does Scimplify's Funding Reflect India's Deeptech Investment Trends?

Scimplify's latest round comes amid increased investor attention on India's deeptech ecosystem, supported by industrial demand, technical talent, policy initiatives and the development of domestic manufacturing capabilities.

In the third quarter of 2026, Indian deeptech startups raised $290 million across 28 deals, a 176% increase from $105 million across 29 deals in the same period of 2025, according to the cited industry report.

Funding indicator	Q3 2025	Q3 2026	Year-on-year change
Indian deeptech funding	$105 million	$290 million	+176%
Number of deals	29	28	-3.4%
Broader Indian startup funding	Not specified in the supplied data	$2.2 billion	+5%

The figures suggest that deeptech funding grew considerably faster than funding across the broader Indian startup ecosystem in Q3 2026. Deeptech investment increased by 176%, compared with 5% growth in overall startup funding.

The number of deeptech deals, however, declined from 29 to 28. This indicates that the increase in capital was not accompanied by an increase in deal volume, although the figures alone do not establish how much of the growth came from larger individual rounds.

Another speciality chemicals startup, Bengaluru-based NuSynth Technologies, raised ₹36.5 crore in a seed round co-led by Avaana Capital and Shastra VC, according to the cited report. Its funding provides additional context for investor activity in India's speciality chemicals segment.

For Scimplify, the opportunity extends beyond traditional chemical manufacturing. Its combination of speciality chemicals, advanced materials processing and AI-enabled manufacturing places it at the intersection of industrial technology and deeptech.

What Does Scimplify's Latest Funding Mean for Its Growth Strategy?

Scimplify's $25 million round will support its expansion from a speciality chemical sourcing and manufacturing platform into a broader provider of advanced chemical processing capabilities.

Three priorities define its next phase of growth.

First, investment in rare earth and critical metals purification, semiconductor chemicals and battery chemicals will expand its exposure to advanced manufacturing supply chains.

Second, its network of more than 500 manufacturing partners and thousands of technical collaborators gives the company a platform for scaling production and serving customers internationally. Maintaining consistent quality and reliable fulfilment will be important as its geographic reach grows.

Third, SciNode could help integrate research, process development and manufacturing operations through an AI-enabled system. Its commercial value will depend on how effectively the platform improves production coordination, process control and operational efficiency.

The latest round also brings Hitachi Ventures and industrial chemical investors into the company's funding base, complementing support from existing financial investors.

With reported customer reach exceeding 1,000 businesses across more than 40 countries, Scimplify is pursuing an international growth strategy centred on advanced chemical manufacturing. Its ability to scale specialised processing, establish a stronger US presence and translate SciNode's capabilities into measurable operational improvements will shape its next stage of development.