Total amount raised
$157.4 Millions
Latest funding date
11/1/2021
Location
Rescale has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers cloud-based high-performance computing solutions designed to accelerate engineering and R&D applications.
Keep reading to explore the intricacies of Rescale's fundraising journey and the investors backing this innovative platform.
What Is Rescale?
Rescale, founded in 2011, is headquartered in San Francisco, California. The company was established by Joris Poort and Adam McKenzie.
Rescale specializes in providing cloud-based high-performance computing (HPC) solutions. Their platform integrates compute, data, and AI capabilities to accelerate innovation across various industries.
With a team of over 200 employees, Rescale continues to drive advancements in engineering and R&D applications through their cutting-edge technology.
How Much Funding Has Rescale Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Venture Round
- Amount Raised: $6.4M
- Date: July 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance product offerings.
- Series A
- Amount Raised: $14M
- Date: May 2016
- Lead Investors: Translink Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series B
- Amount Raised: Not publicly disclosed
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and customer acquisition.
- Series B
- Amount Raised: $32M
- Date: July 2018
- Lead Investors: Initialized Capital, Keen Venture Partners, SineWave Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and enter new markets.
- Series C
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's infrastructure and support growth.
- Series C
- Amount Raised: $50M
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet the increasing demand for high-performance computing solutions.
- Series C
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and expanding the customer base.
- Series C
- Amount Raised: $55M
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and meet growing market demand.
Total Amount Raised: $157.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Jeff Bezos
- Details: Jeff Bezos is the founder of Amazon and a prominent investor in various technology and space exploration ventures.
- Investment Focus Areas: Technology, space exploration, e-commerce.
- Notable Investments: Amazon, Blue Origin, The Washington Post.
- Sam Altman
- Details: Sam Altman is the CEO of OpenAI and former president of Y Combinator, a well-known startup accelerator.
- Investment Focus Areas: Artificial intelligence, technology startups.
- Notable Investments: OpenAI, Reddit, Stripe.
- Richard Branson
- Details: Richard Branson is the founder of the Virgin Group, which controls more than 400 companies in various sectors.
- Investment Focus Areas: Various sectors including travel, telecommunications, health, and space.
- Notable Investments: Virgin Galactic, Virgin Hyperloop.
- Paul Graham
- Details: Paul Graham is the co-founder of Y Combinator and a well-known programmer, writer, and investor.
- Investment Focus Areas: Technology startups, software.
- Notable Investments: Y Combinator-backed companies like Airbnb, Dropbox.
- Peter Thiel
- Details: Peter Thiel is the co-founder of PayPal and Palantir Technologies, and an early investor in Facebook.
- Investment Focus Areas: Technology, finance, artificial intelligence.
- Notable Investments: PayPal, Palantir Technologies, Facebook.
What's Next for Rescale?
Rescale stands at the cusp of significant growth opportunities, driven by the increasing demand for high-performance computing (HPC) solutions. The company is poised to expand its platform and service offerings, leveraging AI and machine learning workloads to meet the needs of scientific research and development. With the HPC market projected to exceed $60 billion annually by 2025, Rescale's potential for growth is substantial.
Future fundraising efforts are likely as Rescale continues to scale its operations and technology. However, the company may face challenges such as competition from legacy datacenter clusters and the complexity of managing hybrid cloud environments. Ensuring seamless integration with various public cloud providers will be crucial for maintaining its competitive edge.
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