Simplify: Funding, Investors & Team (Sep 2026)
Simplify, ranked as one of the top 50 most innovative companies worldwide, offers a platform for individuals to purchase and sell unused Internet data from their home broadband and mobile plans. This company revolutionizes the sharing economy by allowing anyone to become a mini Internet Service Provider. Through a dynamic system, Simplify generates secure passwords for buyers to easily access another person's Internet connection. Originally developed and tested at Massachusetts Institute of Technology (MIT), Simplify is based in Malaysia and has received a US Patent for its groundbreaking technology.
Simplify has raised $420k across 2 funding rounds on record, the most recent an undisclosed round of $420k announced in Mar 2024.
That round is below the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.
Simplify Company Profile and Key Stats
Latest funding round on record: Mar 2024.
Simplify Funding Rounds
1 of 2 rounds was announced without a disclosed amount and is excluded from the total.
Simplify announced a Series A in Sep 2022; the amount was not disclosed.
1.5 years later, an undisclosed round of $420k was announced in Mar 2024.
Simplify Founders and Leadership Team
No contact details are on record for this team yet.
Simplify Funding Compared to Other Hardware Startups
Simplify's latest round of $420k is below the median round in Hardware. Medians cover the last 24 months of disclosed rounds.
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Simplify Funding FAQs
What does Simplify do?
Simplify, ranked as one of the top 50 most innovative companies worldwide, offers a platform for individuals to purchase and sell unused Internet data from their home broadband and mobile plans. This company revolutionizes the sharing economy by allowing anyone to become a mini Internet Service Provider. Through a dynamic system, Simplify generates secure passwords for buyers to easily access another person's Internet connection. Originally developed and tested at Massachusetts Institute of Technology (MIT), Simplify is based in Malaysia and has received a US Patent for its groundbreaking technology.
How much funding has Simplify raised?
Simplify has raised $420k across 2 rounds on record. The most recent is an undisclosed round of $420k announced in Mar 2024.
When did Simplify last raise funding?
Simplify's most recent funding round on record is an undisclosed round of $420k, announced in Mar 2024.
Who founded Simplify?
FundedIQ lists Yen Pei Tay (Founder) at Simplify.
Where is Simplify headquartered?
Simplify is based in Kuala Lumpur, Malaysia.
How many employees does Simplify have?
Simplify is in the 101-250 employee band.
How does Simplify's funding compare to other Hardware startups?
Simplify's latest round of $420k is below the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.
About FundedIQ's Simplify Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Simplify is left off this page rather than filled in.
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