What does Rescale do?
Rescale offers a comprehensive digital engineering platform that integrates cloud computing resources, intelligent data management tools, and applied AI to accelerate modeling, simulation, and R&D processes for enterprises.
How much did they raise?
The company raised $115M in its Series D round, attracting lead investors such as Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator, with early participation from investors like Sam Altman, Jeff Bezos, Paul Graham, and Peter Thiel.
What are their plans for the money?
Rescale intends to use the funds to accelerate its digital engineering roadmap by expanding cloud computing resources, enhancing intelligent data management, and advancing applied AI technologies. This strategic investment is set to further improve R&D capabilities and drive innovation in advanced computing across industries.
What have they achieved so far?
The company has already made significant strides by establishing a robust platform that unifies engineering applications and computing infrastructure, and its previous funding of over $260M demonstrates strong market validation and progress toward its goal.
