Simplismart is a generative AI startup the company is is all set to raise a new round led by Accel . Bengaluru-based startup will join a growing list of generative AI startups which have raised decent funding this year.

Accel is leading $7 million round in Simplismart with backing from existing investors,” said a source requesting anonymity. “Simplismart has received the term sheets and the deal is set to be public soon.”

Company previously raised seed money from Anicut Capital, Sunn91, First Cheque and Shastra VC.

Company was founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart enables businesses to build a scalable production-grade AI system and manage the development lifecycle without writing a single line of code.

As per the company, its platform lets an amateur as well as an expert train and monitor ML models collaboratively on almost any kind of data or use-case.

The company can be valued at around $35 million according to the source .

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