Companies · AI / ML

SimplexNew on the radarSummer 2024Active

San Francisco · CA, USA · AI / ML · founded 2024 · https://simplex.sh

Diligence memoA one-page analyst read on Simplex — recommendation, valuation, rhythm, risks.
$13.0M
Total raised · real
1
Rounds
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Mon Feb 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Simplex looks over-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the ai/ml sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.45× the median modeled value of Series A AI / ML companies in 2025–2027 (70 peers) — value vs value, same stage and era.
Quiet
  • Last raise 17 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector cadence.
Where it sits in AI / ML

Simplex is one of 2067 AI / ML companies tracked from San Francisco, CA, USA, on record since 2024. By capital raised it ranks among the largest (ahead of 90% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

AI agents to enroll providers with payors

Simplex builds AI agents to handle provider enrollment end-to-end. We automate pulling provider data from CAQH, filling out enrollment forms + uploading licenses via payor portals/email/phone, updating applications when returned for corrections, and performing effective date follow-ups until a final determination is made, all autonomously.

AIB2BMachine LearningRobotic Process Automationai/ml
Find Simplex online

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MSeries A · 2025-02-03 Raised $13M (real) Modeled valuation $60M (est)$13M$60MSeries A2025

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$13.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$59.9M
Base estimate est.
$17.4M
Conservative case
$112.9M
Upside case
$59.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the ai/ml sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.57×/yr
Annual markup
1.97×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
ai/ml
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
1.4 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 2067 companies in AI / ML. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.8× above median
This company$13.0M
Sector median$4.7M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.2× above median
This company$13.0M
Sector median$6.0M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$59.9M
Sector median$27.9M

Raised more than 90% of sector peers (real $). Modeled value above 86% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 70.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Farsight AI, Inc. · Series A Raised $14.9M · modeled $59.5M (est)2Build AI, Inc. · Series A Raised $15.0M · modeled $54.8M (est)AI Optics Inc. · Series A Raised $14.7M · modeled $53.9M (est)EdgeRunner AI, Inc. · Series A Raised $17.5M · modeled $50.0M (est)Glia AI, Inc. · Series A Raised $13.4M · modeled $47.9M (est)Pokee Ai Inc. · Series A Raised $11.9M · modeled $47.8M (est)MultiSensor AI Holdings, Inc. · Series A Raised $29.0M · modeled $46.7M (est)Boostly, Inc. · Series A Raised $10.0M · modeled $46.3M (est)Rwazi, Inc. · Series A Raised $25.8M · modeled $45.1M (est)Human Ai Labs, Inc. · Series A Raised $22.1M · modeled $44.5M (est)GiXsystem.ai, Inc. · Series A Raised $13.5M · modeled $43.5M (est)Simplex (this company) Raised $13.0M · modeled $59.9M (est)Simplex
CompanyStageRaised · realValue · estvs peer med.
Simplex this companySeries A$13.0M$59.9M2.45×
Farsight AI, Inc.Series A$14.9M$59.5M2.44×
2Build AI, Inc.Series A$15.0M$54.8M2.24×
AI Optics Inc.Series A$14.7M$53.9M2.21×
EdgeRunner AI, Inc.Series A$17.5M$50.0M2.05×
Glia AI, Inc.Series A$13.4M$47.9M1.96×
Pokee Ai Inc.Series A$11.9M$47.8M1.96×
MultiSensor AI Holdings, Inc.Series A$29.0M$46.7M1.91×
Boostly, Inc.Series A$10.0M$46.3M1.90×
Rwazi, Inc.Series A$25.8M$45.1M1.85×
Human Ai Labs, Inc.Series A$22.1M$44.5M1.82×
GiXsystem.ai, Inc.Series A$13.5M$43.5M1.78×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$13.0M2025-02-03$59.1M$59.9M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$13.0M2025-02-03
    • First recorded raise — entered as Series A.
Intelligence
Modeled next raise
$20.8M
Modeled next size est.range $13.5M$33.3M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Simplex is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Rollstack Inc.AI / MLSeries A$12.9M$73.7Msame sector · same stage
Tackle Ai, LlcAI / MLSeries A$13.1M$19.3Msame sector · same stage
Guardforce AI Co., Ltd.AI / MLSeries A$13.2M$21.8Msame sector · same stage
Basetwo Artificial Intelligence Inc.AI / MLSeries A$13.4M$72.4Msame sector · same stage
Glia AI, Inc.AI / MLSeries A$13.4M$47.9Msame sector · same stage
Controlrooms.ai, Inc.AI / MLSeries A$13.4M$100.2Msame sector · same stage
Stax.ai, Inc.AI / MLSeries A$12.5M$38.9Msame sector · same stage
Mesh Intelligent Technologies, Inc.AI / MLSeries A$13.5M$91.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Simple AI
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Parallel
AI agents for healthcare admin
AI / ML79%
Comena
AI agents for distributors and manufacturers to automate order entry.
AI / ML78%
CopyCat
AI agents built for insurance.
Insurance78%
Agentin AI
AI Agents that automate enterprise software processes
AI / ML78%
Minded
Cursor for AI Agents
AI / ML77%
Substrate
Artificial Intelligence for your medical billing team
AI / ML77%
Frequently asked
How much funding has Simplex raised?
Simplex has raised approximately $13.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Simplex's estimated valuation?
Provath's modeled valuation for Simplex is approximately $59.9M (modeled range $17.4M–$112.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Simplex at?
Simplex's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Feb 03.
What does Simplex do and where is it based?
Simplex operates in the AI / ML sector, based in San Francisco, CA, USA. AI agents to enroll providers with payors
Explore related

See where Simplex sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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