Enterprise Innovation Company Rescale Secures $32M in Series B

Rescale, a San Francisco, CA-based enterprise innovation platform, completed its Series B funding round of $32m.

The round, which brought total funding to date to $52m, was led by Initialized Capital, Keen Venture Partners and SineWave Ventures, which joined a group of more than 30 existing and new investors including Sam Altman, Jeff Bezos, Richard Branson, Chris Dixon, Paul Graham, Ken Hao, Adam Smith, Peter Thiel, Steve Westly, Data Collective, ITV Ventures, Jump Capital, M12 (formerly Microsoft Ventures), Mitsubishi UFJ Capital, Quiet Capital, Streamlined Ventures, Translink Capital, Two Roads Group and Y Combinator.
In conjunction with the funding, Ben Verwaayen, Partner at Keen Venture Partners and former CEO of British Telecom and Alcatel-Lucent, joined the Rescale Board of Directors.

The company intends to use the funds to invest in talent and accelerate development of its platform.

Led by Joris Poort, Co-founder and CEO, Rescale provides executives, IT leaders, engineers, and scientists with a multi-cloud platform, which matches software applications with high-performance architecture in the cloud or on-premise to run complex data processing and simulations.
The company partners with the four largest cloud service providers, has over 125 Global 2000 enterprise customers including four of top five largest global automotive manufacturers and two of top three largest global aerospace and defense companies.

Rescale’s latest enhancements include new hybrid cloud capabilities enabling organizations to extend on-premise high-performance computing to the cloud. The innovations provide an entry point for CIOs to start their cloud transformation journey in key industry verticals including automotive, aerospace and defense, oil and gas, life sciences and semiconductor.



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