Rescale, a company focused on digital engineering, has just raised $115 million to boost innovation using AI technology. This funding round, called Series D, includes investments from several big names like NVIDIA, Foxconn, and Y Combinator, bringing Rescale’s total funding to over $260 million.
Rescale’s mission is to help engineers and research teams work faster and more efficiently by providing advanced computing and smart data management tools. The company’s founder, Joris Poort, believes that the only thing holding back new breakthroughs is the speed at which ideas can be turned into reality. Rescale aims to remove obstacles like limited computing power and complicated AI systems, allowing engineers and scientists to make discoveries and create new products more quickly.
NVIDIA’s CEO, Jensen Huang, supports this vision, saying that fast computing is crucial for the AI revolution. With Rescale’s technology, industries can push the limits of AI-driven design and engineering.
As companies demand more innovative products, they are investing heavily in technology to speed up development. The market for high-performance computing, data management, and simulation software is growing rapidly. However, many organizations struggle to combine these complex technologies into a single, easy-to-use system. Rescale offers a platform that integrates computing, data, and AI, helping organizations focus on innovation.
Rescale is trusted by leaders in various industries, including aerospace, automotive, and life sciences. Its customers, like General Motors and the U.S. Department of Defense, spend over $1 billion each year on high-performance computing to develop new products and make scientific discoveries. Rescale’s platform helps speed up processes like drug development and vehicle safety testing.
With the new funding, Rescale plans to expand its platform by adding more computing technologies and applications. It will also enhance its data management capabilities and improve security for its customers, including government and defense organizations. Rescale aims to make advanced AI tools more accessible, allowing companies to improve their design processes significantly.
