TECH NEWS

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

As manufacturers across industries strive to reduce their reliance on Chinese suppliers, Indian startup Scimplify has raised $25 million to expand its AI-powered approach to producing specialty chemicals and critical materials, with semiconductors, defense and energy emerging as key growth markets.

The all-equity strategic round was led by Hitachi Ventures, with customers Henkel and Teknor Apex joining as new investors. Existing backers Accel India, Bertelsmann India Investments, Omnivore, and 3one4 Capital also participated. The round values the Bengaluru-based startup at $250 million after the investment, according to a person familiar with the transaction, up from $150 million after a $40 million Series B round in March 2025. The latest investment brings Scimplify’s total equity funding to $80 million, the startup said, though it declined to disclose its valuation.

The growing adoption of AI and advanced computational tools has accelerated materials discovery and research. However, turning promising chemistry into commercially available...

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The factory that hears failure coming: How SKF is turning machine vibrations into a reliability business

A bearing costs a few hundred dollars. The line it sits inside can cost far more every minute it stops. That asymmetry is the quiet economics of modern manufacturing. For India’s manufacturers, the stakes are rising in step with ambition. Make in India and the production-linked incentive schemes are

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Anthropic’s international chief says open models carry more risk by definition

Anthropic’s head of international told Bloomberg TV in Dublin that open alternatives to its models carry more risk by definition. That is a broader claim than the one Dario Amodei set out in July, when he wrote that open-weight models without dangerous capabilities are a public good. Anthropic’s

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Bumble agrees to be bought by Ithaca Holdings for about $1.3bn

Bumble has agreed to be acquired by Ithaca Holdings in an all-cash deal valuing the dating app at about $1.3 billion, the companies said on Tuesday. Ithaca will pay $6.05 per Bumble Class A share, about 138% more than the stock’s closing price on October 9, before

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Anthropic opens a Singapore office and signs an AI safety MOU with the government

Anthropic has opened an office in Singapore, its fifth in Asia-Pacific, and signed a memorandum of understanding with the government. Neither comes with a figure or a headcount. The memorandum covers AI safety, security and model evaluation, research on adoption, and responsible adoption across the public and private sectors, the

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The factory that hears failure coming: How SKF is turning machine vibrations into a reliability business

Anthropic’s international chief says open models carry more risk by definition

Bumble agrees to be bought by Ithaca Holdings for about $1.3bn

Anthropic opens a Singapore office and signs an AI safety MOU with the government