Cloud HPC Platform Provider Rescale Raises $14M in Series A Funding

Funding Rounds

▤ Summary

Rescale, a San Francisco, CA-based cloud HPC platform provider, raised $14m in Series A funding.The company intends to use the funds – which add to existing seed investments from Sam Altman, Jeff Bezos, Richard Branson, Data Collective, Paul Graham, and Peter Thiel among others – with a total of over $20m raised to date – to expand worldwide.Led by Joris Poort, CEO, Rescale provides enterprise-class high performance computing (HPC) platforms for large enterprises to transition from legacy on-premise systems to scalable and agile cloud computing infrastructure.Its platform solutions are deployed securely to enterprises via a web-based application environment powered by simulation software providers and backed by large HPC infrastructure.Customers include global Fortune 500 companies in the aerospace, automotive, life sciences, marine, consumer products, and energy sectors.

$ Funding

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Amount $14.0M Total raised
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Date May 18, 2016 Announcement date
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Investors Two Roads Group, Jump Capital, Microsoft Ventures, ITOCHU Technology Ventures, DCVC Lead investors
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Company http://www.rescale.com Funded company

▥ Classifications

industries
No industries detected
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Cloud Software High Performance Computing SaaS

▦ Linked Companies

Rescale, Inc.
$10M to $25M