Rescale, a San Francisco, CA-based cloud HPC platform provider, raised $14m in Series A funding.
The round was led by TransLink Capital with participation from Microsoft Ventures, Jump Capital, ITOCHU Technology Ventures, Two Roads Group, and Data Collective. In conjunction with the funding, TransLink Capital co-founder and Managing Director, Toshi Otani, will join Rescale’s board of directors.
The company intends to use the funds – which add to existing seed investments from Sam Altman, Jeff Bezos, Richard Branson, Data Collective, Paul Graham, and Peter Thiel among others – with a total of over $20m raised to date – to expand worldwide.
Led by Joris Poort, CEO, Rescale provides enterprise-class high performance computing (HPC) platforms for large enterprises to transition from legacy on-premise systems to scalable and agile cloud computing infrastructure.
Its platform solutions are deployed securely to enterprises via a web-based application environment powered by simulation software providers and backed by large HPC infrastructure.
Customers include global Fortune 500 companies in the aerospace, automotive, life sciences, marine, consumer products, and energy sectors.
FinSMEs
16/06/2016