Founded in 2016, in Singapore, Simpple provides solutions for building managers and owners to operate their buildings autonomously through technology. Originally focused on robotic cleaning, the company soon shifted to an integrated software solution that connects IoT devices, robotic solutions, and the workforce, through a single unified platform, enabled by AI. Achieving revenues of $4.8 million in 2022, the company is now looking to become an international and public company. The firm filed for a $9M IPO on the Nasdaq exchange in April, which was then downsized in May. In this research note, we chart the proposed IPO and examine Simpple’s business activity in the past year. Simple Ltd conducts business through three subsidiaries – IFSC, Simpple, and Gaussian Robotics (GR) – where IFSC wholly owns Simpple Pte. and fully acquired GR in 2017, and IFSC is then owned by Simpple Ltd, which was incorporated in the Cayman Islands on August 24, 2022. The group […]