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Scimplify raises $25M to challenge China’s grip on critical materials with AI

By Jagmeet Singh

Scimplify's annualized revenue run rate has tripled to $200 million as it eyes U.S. expansion.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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