Rescale Secures $115 Million to Boost AI-Driven Digital Engineering Innovation

Rescale Secures $115 Million for AI-Driven Digital Engineering



In a significant leap towards revolutionizing digital engineering, Rescale has successfully secured $115 million in a Series D funding round, bringing its total funding to over $260 million. This investment was backed by a prestigious group of investors including Applied Ventures, Atika Capital, Foxconn, and Y Combinator, among others. Notable early investors include luminaries such as Sam Altman, Jeff Bezos, Paul Graham, and Peter Thiel, solidifying Rescale's standing as a trailblazer in the tech industry.

Rescale, known for its cutting-edge digital engineering platform, is on a mission to empower engineers and research and development teams worldwide. By integrating advanced computing capabilities, intelligent data management, and the application of AI, the company aims to streamline the journey from concept to realization in engineering and scientific discovery. Joris Poort, the founder and CEO of Rescale, emphasized that the potential for future breakthroughs lies not within the limits of imagination, but rather in the ability to swiftly transform those ideas into tangible results.

The AI industrial revolution is marked by the increasing demand for accelerated computing capabilities. Rescale's platform is designed to alleviate common obstacles faced by innovators, such as limited computing resources, fragmented data systems, and the complexities associated with deploying artificial intelligence. The company is committed to removing these barriers, enabling engineers and scientists to innovate with greater efficiency and speed.

Jensen Huang, founder and CEO of NVIDIA, highlighted Rescale’s role in this transformation, stating that their full-stack NVIDIA software and infrastructure empowers industries to expand the frontiers of AI-powered modeling and simulation. By doing so, businesses can foster unprecedented advancements in design and engineering.

As enterprises ramp up their investment in technology to accelerate time to market, the potential for Rescale’s platform becomes increasingly clear. High-performance computing has burgeoned into a $50 billion market, with product lifecycle management and simulation software markets also demonstrating substantial growth, valued at $30 billion and $20 billion, respectively. However, the challenge lies in integrating a complex array of software, hardware, and data systems into a seamless user experience.

Rescale stands out in the marketplace by offering a unified platform that combines computing resources, data management, and AI capabilities into a cohesive whole. This integration allows organizations to prioritize innovation and discovery without getting bogged down by technological complexities.

The platform has gained the trust of key players across various sectors, including aerospace, automotive, energy, life sciences, manufacturing, and semiconductors. Rescale serves hundreds of enterprise clients, such as General Motors, Samsung, and the U.S. Department of Defense, collectively investing over $1 billion annually in high-performance computing infrastructure to support their virtual product development and scientific exploration.

Rescale's recent funding will accelerate the expansion of its advanced digital engineering platform. The company plans to broaden its range of workflows and computing technologies, enhance its library of applications, and further develop its network of cloud data centers in collaboration with industry giants like AMD, Microsoft Azure, and Oracle.

In addition, Rescale aims to establish a more unified data structure and digital thread to facilitate all modeling and simulation workflows. This will include implementing AI-driven tools for enhanced search capabilities and data management while maintaining robust security and compliance measures, particularly for government and defense operations.

As businesses race to stay competitive in a rapidly evolving technological landscape, Rescale is poised to redefine how organizations approach modeling and simulation in the AI era. The company's commitment to automation and agility in product development is set to drive significant advancements in scientific discovery and engineering practices.

In summary, as Rescale integrates AI and advanced computing into its operations, the potential for innovation is boundless. Their new funding provides a crucial boost in this direction, establishing Rescale not just as a participant, but as a leader in the digital engineering revolution. For more information, visit rescale.com.

Topics Business Technology)

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