Rescale, a digital engineering platform, has announced a $115 million Series D funding round, bringing its total capital raised to more than $260 million. The round saw participation from Applied Ventures, NVIDIA, Foxconn, Hanwha Asset Management, Hitachi Ventures, NEC, Y Combinator, and several other investors. Early backers include Sam Altman, Jeff Bezos, Paul Graham, and Peter Thiel. The company aims to support Engineers and Research teams by offering a unified platform that combines high-performance computing, advanced data handling, and applied AI. With hundreds of enterprise customers, including the U.S. Department of Defense, Arm, and Samsung, Rescale plays a significant role in industries including aerospace, automotive, energy, life sciences, and manufacturing.
Jensen Huang, NVIDIA founder and CEO, stated, "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." The company plans to improve its data management framework and enhance AI-native features such as automation and model search. This development aims to reduce design validation times by up to 1000 times. Rescale’s platform is designed to help companies respond to market demands by accelerating product development and research using scalable more than 1,250 applications and a global network of more than 500 cloud datacenters with its technology partners like AWS, Microsoft Azure, Intel, Oracle, and AMD.
