<p><strong>PALO ALTO</strong> &#8212; Simile &#8212; an AI-based simulation company &#8212; has raised $200 million at a $2 billion post-money valuation, co-led by Greenoaks and Index Ventures, with participation by Hanabi, Bain Capital Ventures, A*, Factory, CVS Health Ventures, and Definition.</p>
<p>Simile uses proprietary algorithms to design large-scale studies daily, combining the resulting data with proprietary human behavior datasets to train AI models.</p>
<p>The company launched five months ago and says it has grown revenues five times since then.</p>
<p>Simile customers include: CVS Health, Wealthfront, Deloitte and Gallup.</p>
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