Rescale Secures $32 Million for Enterprise Innovation Platform

July 24, 2018

SAN FRANCISCOJuly 24, 2018 — Rescale, a leader in enterprise big compute in the cloud, today announced that the company completed its Series B round of $32 million in funding, raising total investment in the company to $52 million. One of the fastest growing enterprise software companies in the world, in 2017 Rescale grew 30% month over month.

The new round of funding will enable Rescale to continue to invest in talent and develop the next generation of security and platform enhancements. The investment supports Rescale’s commitment to expand the largest and most powerful high performance computing infrastructure in the cloud, optimizing customers’ digital transformation strategy to drive accelerated innovation.

“Rescale is transforming how today’s leading enterprises innovate,” said Joris Poort, Co-founder and CEO of Rescale. “With support of our Series B funding, we are further investing in our hybrid multi-cloud platform in order to help executives, IT leaders, engineers, and scientists securely manage their product innovation. The hypergrowth we are seeing demonstrates a strong commitment from our enterprise customers and highlights our leading platform solutions for big compute.”

Initialized Capital, Keen Venture Partners and SineWave Ventures led the Series B funding round joining a group of more than 30 existing and new investors in Rescale including Sam AltmanJeff BezosRichard BransonChris DixonPaul GrahamKen HaoAdam SmithPeter ThielSteve 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.

Ben Verwaayen, Partner at Keen Venture Partners and former CEO of British Telecom and Alcatel-Lucent, joined the Rescale Board of Directors. “We were drawn to Rescale because they are disrupting the high performance computing market,” stated Verwaayen. “The market is currently 95% on-premise, and Rescale supports customers as they move to hybrid and eventually to a fully cloud native solution. Rescale helps CIOs enable the digital transformation journey within their enterprise, to optimize IT resources and enable meaningful productivity and cost improvements.”

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.

For more information on Rescale, visit www.rescale.com.

About Rescale

Rescale is a leader in enterprise big compute in the cloud. Rescale empowers the world’s transformative executives, IT leaders, engineers, and scientists to securely manage product innovation to be first to market. Rescale’s ScaleX® multi-cloud platform, built on the most powerful high-performance computing infrastructure, seamlessly matches software applications with the best architecture in the cloud or on-premise to run complex data processing and simulations. Rescale 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. For more information on Rescale, visit www.rescale.com.


Source: Rescale

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

LANL Researchers Simulate Billion-Atom Biomolecule

April 23, 2019

Simulating large biomolecules has long been challenging. Now, researchers from Los Alamos National Laboratory, RIKEN Center for Computational Science in Japan, the New Mexico Consortium, and New York University have succ Read more…

By John Russell

Students Gird for Cluster Mayhem at ASC19

April 23, 2019

Final cluster configurations have been set, and competitors in the ASC19 Student Supercomputer Challenge have started running the various AI models and HPC benchmarks that will determine who is declared champion. But if Read more…

By Alex Woodie

Student Cluster Season Opener: ASC19

April 22, 2019

Calling all computer sports fans! Now hear this:  The 2019 Student Cluster Competition season is officially underway with the beginning of the ASC19 event on Tuesday, April 22nd. For you millions of student cluster c Read more…

By Dan Stark

HPE Extreme Performance Solutions

HPE and Intel® Omni-Path Architecture: How to Power a Cloud

Learn how HPE and Intel® Omni-Path Architecture provide critical infrastructure for leading Nordic HPC provider’s HPCFLOW cloud service.

powercloud_blog.jpgFor decades, HPE has been at the forefront of high-performance computing, and we’ve powered some of the fastest and most robust supercomputers in the world. Read more…

IBM Accelerated Insights

Bridging HPC and Cloud Native Development with Kubernetes

The HPC community has historically developed its own specialized software stack including schedulers, filesystems, developer tools, container technologies tuned for performance and large-scale on-premises deployments. Read more…

A Beginner’s Guide to the ASC19 Finals

April 22, 2019

Three thousand watts. That's how much power the competitors in the 2019 ASC Student Supercomputer Challenge here in Dalian, China, have to work with. Everybody would like more juice to run compute-intensive HPC simulatio Read more…

By Alex Woodie

A Beginner’s Guide to the ASC19 Finals

April 22, 2019

Three thousand watts. That's how much power the competitors in the 2019 ASC Student Supercomputer Challenge here in Dalian, China, have to work with. Everybody Read more…

By Alex Woodie

At ASF 2019: The Virtuous Circle of Big Data, AI and HPC

April 18, 2019

We've entered a new phase in IT -- in the world, really -- where the combination of big data, artificial intelligence, and high performance computing is pushing Read more…

By Alex Woodie with Doug Black and Tiffany Trader

Interview with 2019 Person to Watch Michela Taufer

April 18, 2019

Today, as part of our ongoing HPCwire People to Watch focus series, we are highlighting our interview with 2019 Person to Watch Michela Taufer. Michela -- the Read more…

By HPCwire Editorial Team

Intel Gold U-Series SKUs Reveal Single Socket Intentions

April 18, 2019

Intel plans to jump into the single socket market with a portion of its just announced Cascade Lake microprocessor line according to one media report. This isn Read more…

By John Russell

BSC Researchers Shrink Floating Point Formats to Accelerate Deep Neural Network Training

April 15, 2019

Sometimes calculating solutions as precisely as a computer can wastes more CPU resources than is necessary. A case in point is with deep learning. In early stag Read more…

By Ken Strandberg

Intel Extends FPGA Ecosystem with 10nm Agilex

April 11, 2019

The insatiable appetite for higher throughput and lower latency – particularly where edge analytics and AI, network functions, or for a range of datacenter ac Read more…

By Doug Black

Nvidia Doubles Down on Medical AI

April 9, 2019

Nvidia is collaborating with medical groups to push GPU-powered AI tools into clinical settings, including radiology and drug discovery. The GPU leader said Monday it will collaborate with the American College of Radiology (ACR) to provide clinicians with its Clara AI tool kit. The partnership would allow radiologists to leverage AI techniques for diagnostic imaging using their own clinical data. Read more…

By George Leopold

Digging into MLPerf Benchmark Suite to Inform AI Infrastructure Decisions

April 9, 2019

With machine learning and deep learning storming into the datacenter, the new challenge is optimizing infrastructure choices to support diverse ML and DL workfl Read more…

By John Russell

The Case Against ‘The Case Against Quantum Computing’

January 9, 2019

It’s not easy to be a physicist. Richard Feynman (basically the Jimi Hendrix of physicists) once said: “The first principle is that you must not fool yourse Read more…

By Ben Criger

Why Nvidia Bought Mellanox: ‘Future Datacenters Will Be…Like High Performance Computers’

March 14, 2019

“Future datacenters of all kinds will be built like high performance computers,” said Nvidia CEO Jensen Huang during a phone briefing on Monday after Nvidia revealed scooping up the high performance networking company Mellanox for $6.9 billion. Read more…

By Tiffany Trader

ClusterVision in Bankruptcy, Fate Uncertain

February 13, 2019

ClusterVision, European HPC specialists that have built and installed over 20 Top500-ranked systems in their nearly 17-year history, appear to be in the midst o Read more…

By Tiffany Trader

Intel Reportedly in $6B Bid for Mellanox

January 30, 2019

The latest rumors and reports around an acquisition of Mellanox focus on Intel, which has reportedly offered a $6 billion bid for the high performance interconn Read more…

By Doug Black

It’s Official: Aurora on Track to Be First US Exascale Computer in 2021

March 18, 2019

The U.S. Department of Energy along with Intel and Cray confirmed today that an Intel/Cray supercomputer, "Aurora," capable of sustained performance of one exaf Read more…

By Tiffany Trader

Looking for Light Reading? NSF-backed ‘Comic Books’ Tackle Quantum Computing

January 28, 2019

Still baffled by quantum computing? How about turning to comic books (graphic novels for the well-read among you) for some clarity and a little humor on QC. The Read more…

By John Russell

IBM Quantum Update: Q System One Launch, New Collaborators, and QC Center Plans

January 10, 2019

IBM made three significant quantum computing announcements at CES this week. One was introduction of IBM Q System One; it’s really the integration of IBM’s Read more…

By John Russell

Deep500: ETH Researchers Introduce New Deep Learning Benchmark for HPC

February 5, 2019

ETH researchers have developed a new deep learning benchmarking environment – Deep500 – they say is “the first distributed and reproducible benchmarking s Read more…

By John Russell

Leading Solution Providers

SC 18 Virtual Booth Video Tour

Advania @ SC18 AMD @ SC18
ASRock Rack @ SC18
DDN Storage @ SC18
HPE @ SC18
IBM @ SC18
Lenovo @ SC18 Mellanox Technologies @ SC18
NVIDIA @ SC18
One Stop Systems @ SC18
Oracle @ SC18 Panasas @ SC18
Supermicro @ SC18 SUSE @ SC18 TYAN @ SC18
Verne Global @ SC18

IBM Bets $2B Seeking 1000X AI Hardware Performance Boost

February 7, 2019

For now, AI systems are mostly machine learning-based and “narrow” – powerful as they are by today's standards, they're limited to performing a few, narro Read more…

By Doug Black

The Deep500 – Researchers Tackle an HPC Benchmark for Deep Learning

January 7, 2019

How do you know if an HPC system, particularly a larger-scale system, is well-suited for deep learning workloads? Today, that’s not an easy question to answer Read more…

By John Russell

Arm Unveils Neoverse N1 Platform with up to 128-Cores

February 20, 2019

Following on its Neoverse roadmap announcement last October, Arm today revealed its next-gen Neoverse microarchitecture with compute and throughput-optimized si Read more…

By Tiffany Trader

Intel Launches Cascade Lake Xeons with Up to 56 Cores

April 2, 2019

At Intel's Data-Centric Innovation Day in San Francisco (April 2), the company unveiled its second-generation Xeon Scalable (Cascade Lake) family and debuted it Read more…

By Tiffany Trader

France to Deploy AI-Focused Supercomputer: Jean Zay

January 22, 2019

HPE announced today that it won the contract to build a supercomputer that will drive France’s AI and HPC efforts. The computer will be part of GENCI, the Fre Read more…

By Tiffany Trader

Oil and Gas Supercloud Clears Out Remaining Knights Landing Inventory: All 38,000 Wafers

March 13, 2019

The McCloud HPC service being built by Australia’s DownUnder GeoSolutions (DUG) outside Houston is set to become the largest oil and gas cloud in the world th Read more…

By Tiffany Trader

Intel Extends FPGA Ecosystem with 10nm Agilex

April 11, 2019

The insatiable appetite for higher throughput and lower latency – particularly where edge analytics and AI, network functions, or for a range of datacenter ac Read more…

By Doug Black

UC Berkeley Paper Heralds Rise of Serverless Computing in the Cloud – Do You Agree?

February 13, 2019

Almost exactly ten years to the day from publishing of their widely-read, seminal paper on cloud computing, UC Berkeley researchers have issued another ambitious examination of cloud computing - Cloud Programming Simplified: A Berkeley View on Serverless Computing. The new work heralds the rise of ‘serverless computing’ as the next dominant phase of cloud computing. Read more…

By John Russell

  • arrow
  • Click Here for More Headlines
  • arrow
Do NOT follow this link or you will be banned from the site!
Share This