Total amount raised
$157.4 Million
Latest funding date
11/1/2021
Location
Rescale has successfully raised funding over 11 rounds, with the latest being a Series D round involving 14 investors. The company is backed by notable investors, including NVIDIA and Hanwha Asset Management Deeptech Venture Fund.
Keep reading to explore the intricacies of Rescale's fundraising journey and the investors backing this innovative cloud simulation platform.
What Is Rescale?
Rescale is a cloud simulation platform based in San Francisco, California. The company specializes in high-performance computing (HPC) solutions built for the cloud, enabling research scientists and engineers to build, compute, analyze, and scale simulations.
Operating in various industries such as analytics, AI, enterprise software, machine learning, and software engineering, Rescale has between 251-500 employees. The company offers a comprehensive suite of tools for accelerating computing, harnessing data, and unlocking AI insights, making it a trusted partner for innovative companies worldwide.
How Much Funding Has Rescale Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of the cloud simulation platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and begin market penetration.
- Series Unknown
- Amount Raised: USD 6,400,000
- Date: July 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase customer acquisition.
- Series A
- Amount Raised: USD 14,000,000
- Date: May 2016
- Lead Investors: Translink Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series B
- Amount Raised: Not publicly disclosed
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and market expansion.
- Series B
- Amount Raised: USD 32,000,000
- Date: July 2018
- Lead Investors: Initialized Capital, Keen Venture Partners, SineWave Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technological capabilities.
- Series C
- Amount Raised: USD 50,000,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet the growing demand for high-performance compute resources.
- Series C
- Amount Raised: USD 55,000,000
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and customer base.
- Series D
- Amount Raised: USD 115,000,000
- Date: April 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance technological innovation.
Total Amount Raised: USD 322,400,000. Current Valuation: Not publicly disclosed.
Key Investors
- NVIDIA
- Details: NVIDIA is a leading technology company known for its graphics processing units (GPUs) and AI computing solutions. The company participated in Rescale's Series D funding round.
- Investment Focus Areas: Technology, artificial intelligence, high-performance computing.
- Notable Investments: Various AI and computing startups.
- Hanwha Asset Management Deeptech Venture Fund
- Details: Hanwha Asset Management Deeptech Venture Fund focuses on deep technology investments. They participated in Rescale's Series D funding round.
- Investment Focus Areas: Advanced technologies, innovations.
- Notable Investments: Known for investments in deep technology and advanced innovation sectors.
- Initialized Capital
- Details: Initialized Capital is a venture capital firm that invests in early-stage companies. They participated in Rescale's Series B funding round.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Coinbase, Instacart.
- Keen Venture Partners
- Details: Keen Venture Partners is a venture capital firm that invests in technology companies. They participated in Rescale's Series B funding round.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Adyen, Catawiki.
- Translink Capital
- Details: Translink Capital is a venture capital firm that connects startups with strategic partners in Asia. They led Rescale's Series A funding round.
- Investment Focus Areas: Technology, cross-border investments.
- Notable Investments: Not publicly disclosed.
What's Next for Rescale?
Rescale stands at the cusp of significant growth opportunities, driven by the expanding high-performance computing (HPC) market, which is projected to exceed $60 billion by 2025. The company aims to capitalize on this by enhancing its platform and service offerings, enabling scientific simulations on public clouds, and managing on-premises HPC resources.
With the HPC market's rapid growth, Rescale is well-positioned for future fundraising opportunities. The company has already attracted notable investors and may continue to seek additional funding to support its expansion and technological advancements. However, Rescale faces challenges such as competition from legacy datacenter clusters and the complexity of managing hybrid cloud environments.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Rescale and gather other critical business insights.
Sign up for free to start unlocking valuable information that can drive your sales strategy and business growth.
