Scimplify turns profitable and targets 2.5x revenue this financial year

Bengaluru-based advanced materials startup Scimplify has turned profitable and is targeting revenue this financial year equal to 2.5 times its cumulative revenue since inception, the company said in a CNBC-TV18 interview published on 23 October. The milestone follows the $25 million strategic round led by Hitachi Ventures that DeepTechTracker covered on 14 October. The profitability claim and growth target are company-stated in the interview; detailed segment financials were not disclosed.

DTT summary based on CNBC TV18's report. The full article is on the publisher's site.