Rescale Closes $105 Million in Expanded Series C Funding

SAN FRANCISCO, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Rescale, the leading hybrid cloud high performance computing (HPC) platform enabling intelligent computing for digital R&D, today announced it has closed $105 million in an expanded Series C funding round. Existing and new investors in the company include Sam Altman, Jeff Bezos, Richard Branson, Paul Graham, Peter Thiel, Fort Ross Ventures, Gaingels, Gopher, Hitachi Ventures, Initialized Capital, Keen Venture Partners, Microsoft M12, Nautilus Venture Partners, NVIDIA, Prometheus Capital, Republic Labs, Samsung Catalyst Fund, Solasta Ventures, Yield Capital Partners and more. The valuation was not disclosed. Rescale's announcement today follows a dramatic acceleration in customer demand, investor interest and market momentum, bringing the company's total funding to date to over $155 million. With over 200 enterprise customers, and year-over-year sales growing over 2x in 2021, Rescale is accelerating the digital transformation of the computational science and engineering discipline, which has traditionally been on-premises in private data centers but is rapidly shifting to cloud.