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Rescale raises $50M more to meet demand for high-performance compute
Nov 23, 2021 | Venture Beat
Picture - Rescale raises $50M more to meet demand for high-performance compute

San Francisco, California-based Rescale, a startup developing compute infrastructure for scientific research simulations, today announce that it raised $105 million in an expanded series C that included Jeff Bezos, OpenAI CEO Sam Altman, Richard Branson, Paul Graham, and Peter Thiel. The proceeds bring the company’s total capital raised to $155 million, which CEO Joris Poort says will be put toward growing Rescale’s platform, service offerings, and workforce.

Workloads across scientific R&D often benefit from hybrid cloud and on-premises computing technologies. Powerful computers allow researchers to undertake high volumes of calculations in epidemiology, bioinformatics, and molecular modeling — many of which would take months on traditional computing platforms. But less than 20% of high-performance compute (HPC) workloads currently run in the cloud. Even today, cloud adoption in the science and engineering community remains largely on-premises, relegated to private datacenters.

Nov 24, 2021 | Venture Beat
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