The company’s platform is said to enable innovators and scientists to bring more advanced products to market with greater efficiency.
SAN FRANCISCO—Rescale is on a mission to empower the world’s leading engineers and R&D teams with advanced computing, intelligent data management, and applied AI.
The company, developer of a digital engineering platform that it described as “built for the future of innovation and scientific discovery,” reported recently that it secured $115 million in Series D funding. The funding will be used to expedite growth of Rescale’s comprehensive digital engineering platform for advanced computing, intelligent data, and applied AI, the company said in a release.
“Our future breakthroughs are limited not by imagination, but by the speed at which engineers and scientists can turn ideas into reality,” said Joris Poort, founder and CEO of Rescale, in the release. “Today’s leading innovators face bottlenecks in limited compute, siloed data, and complexity of AI deployment. Rescale removes these barriers—empowering every engineer and scientist to accelerate discovery, scale impact, and shape the future faster.”
Participants in the funding are reported to include Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator.
“Accelerated computing is the engine of the AI industrial revolution,” said Jensen Huang, NVIDIA founder and CEO, in the release. “With Rescale’s full-stack NVIDIA software and infrastructure, industries can push the boundaries of AI-driven modeling and simulation—advancing discovery, design, and engineering at an unprecedented pace.”
In response to greater demand for new innovative products, enterprises are increasing their investments in technologies that expedite time to market. High-performance computing has grown to a $50 billion market; product lifecycle data management, to a $30 billion market; and simulation software, to a $20 billion market. With the growing adoption of these technologies in the enterprise, teams are challenged to integrate the increasingly complex stack of software, hardware, and data systems into a unified control plane and user experience, the company said in the release.
According to Rescale, applied AI is advancing rapidly, but most organizations lack a cohesive platform to embed these capabilities into the analysis, modeling, and simulation workflows for physics, chemistry, and biology. Rescale said it offers a comprehensive platform for integrating compute, data, and AI capabilities into a seamless experience, enabling organizations to focus on innovation and discovery.
The company said it is trusted by “industry leaders advancing the frontier in aerospace, automotive, energy, life sciences, manufacturing, public sector, and semiconductors.” Rescale’s enterprise customers, which are said to include Arm, General Motors Motorsports, Samsung, SLB, and the U.S. Department of Defense, reportedly spend more than $1 billion annually in high-performance computing infrastructure to power their virtual product development and scientific discovery environments.
Rescale supports a diverse array of mission-critical use cases, such as accelerating drug development through molecular analysis, optimizing aircraft aerodynamics, and enhancing automotive safety through crash simulations. The platform is said to enable innovators and scientists to bring more advanced products to market with greater efficiency.
“Rescale’s high-performance compute software platform is helping industry-leading companies, including Applied Materials, accelerate innovation through the power of advanced computing and intelligent data,” said Om Nalamasu, Ph.D., CTO of Applied Materials and president of Applied Ventures. “We’ve experienced firsthand how Rescale’s software product suite can speed our AI physics simulation capabilities and catalyze adoption of our digital twin initiatives. We look forward to building on our successful collaboration with Rescale to empower our engineers and scientists.”
To support increasing demand for its platform, Rescale said it is accelerating the delivery of its roadmap. This includes expanding the range of new workflows and computing technologies available to its customers. It also includes growing its library of more than 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, the company said.
Rescale is also establishing unified data fabric and digital thread capability for all modeling and simulation workflows, along with AI-native search, tagging, and automation. At the same time, it is working to expand enterprise security and compliance offerings, including additional authorizations for government and defense customers.
The company also said it is 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.”
According to Rescale, rapid advancements in AI technologies are changing how every organization seeks to gain a competitive edge. The company’s digital engineering platform is said to be “reimagining modeling and simulation for the AI era.”
“Rescale’s cloud-native technologies provide enterprises with agility and automation that fundamentally advance product development and scientific discovery,” the company said.