Rescale, a San Francisco, CA-based leading hybrid cloud high-performance computing (HPC) platform enabling intelligent computing for digital R&D, announced it has closed $105 million in an expanded Series C funding round.
Existing and new investors in the company include Sam Altman, Jeff Bezos, Richard Branson, Paul Graham, Peter Thiel, Fort Ross Ventures, Gaingels, Gopher, Hitachi Ventures, Initialized Capital, Keen Venture Partners, Microsoft M12, Nautilus Venture Partners, NVIDIA, Prometheus Capital, Republic Labs, Samsung Catalyst Fund, Solasta Ventures, Yield Capital Partners and more. The valuation was not disclosed.
Rescale’s announcement follows a dramatic acceleration in customer demand, investor interest, and market momentum, bringing the company’s total funding to date to over $155 million. With over 200 enterprise customers and year-over-year sales growth over 2x in 2021.
Rescale is accelerating the digital transformation of the computational science and engineering discipline, which has traditionally been on-premises in private data centers but is rapidly shifting to the cloud.
Company: Rescale Inc.
Raised: $105.0M
Round: expanded Series C
Funding Month: November 2021
Lead Investors:
Additional Investors: Sam Altman, Jeff Bezos, Richard Branson, Paul Graham, Peter Thiel, Fort Ross Ventures, Gaingels, Gopher, Hitachi Ventures, Initialized Capital, Keen Venture Partners, Microsoft M12, Nautilus Venture Partners, NVIDIA, Prometheus Capital, Republic Labs, Samsung Catalyst Fund, Solasta Ventures, and Yield Capital Partners
Company Website: https://rescale.com/
Software Category: Hybrid cloud high-performance computing (HPC) platform
About the Company: Rescale is the leading intelligent computing platform for digital R&D, with AI-enabled automation. Rescale empowers organizations to achieve engineering breakthroughs faster and more efficiently through automation, performance optimization, and R&D collaboration. Over 400 customers from startups to Fortune 50 enterprises use Rescale to accelerate design cycles and commercialize new product innovations. Rescale empowers scientists, and engineers outcome-based SLAs, while providing enterprise IT & HPC teams policy-based security and control on their cloud infrastructure of choice.
Source: https://www.hpcwire.com/off-the-wire/rescale-closes-105m-in-expanded-series-c-funding/