Rescale Raises $115M in Series D Funding
Summary
The company intends to use the funds to accelerate the growth of its comprehensive digital engineering platform for advanced computing, intelligent data, and applied AI. Led by CEO and Founder Joris Poort, Rescale provides a comprehensive digital engineering platform that integrates cloud computing resources, intelligent data management tools, and applied AI to accelerate modeling and simulation. To support the demand for its platform, Rescale is accelerating the delivery of its roadmap including: • Expanding the range of new workflows and computing technologies available to its customers; growing its library of over 1,250 applications and global network of more than 500 cloud datacenters with its technology partners such as AMD, Amazon Web Services, Arm, Intel, Microsoft Azure, NVIDIA, and Oracle Cloud Infrastructure. • Establishing unified data fabric and digital thread capability for all modeling and simulation workflows, along with AI-native search, tagging, and automation; while expanding on enterprise security and compliance offerings, including additional authorizations for government and defense customers. • Empowering industrial enterprises for the next era of AI-powered engineering, enabling organizations to democratize and automate the use of industry-leading AI Physics tools and libraries, resulting in over 1000x speed improvements in design validation.