Scimplify plans to intensify its research and development (R&D) initiatives after securing USD 40 million in a Series B funding round co-led by Accel and Bertelsmann India Investments.

The investment will also fuel the company’s global expansion and revenue growth. A significant share of the funds will go towards expanding Scimplify’s R&D infrastructure. 

"We are expanding the lab facilities that we have. We are also working with third-party R&D facilities, where we will bring a wider offering of technologies and R&D capabilities to customers," Co-Founder, Sachin Santhosh said.

The company is aggressively pursuing international expansion, planning to establish offices and teams in six countries within the next year while leveraging channel partnerships to enter new markets