Rescale
Financials
Estimates*
USD | 2019 | 2020 | 2021 |
---|---|---|---|
Revenues | 28.5m | 42.2m | 46.0m |
% growth | - | 48 % | 9 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | Seed | ||
N/A | Seed | ||
$6.4m | Early VC | ||
$14.0m | Series A | ||
* | $32.0m | Series B | |
N/A | Series C | ||
$50.0m | Series C | ||
N/A | Series C | ||
* | $50.0m | Series C | |
Total Funding | AUD236m |
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Recent News about Rescale
EditRescale is a cloud-based platform that provides high-performance computing (HPC) solutions for computational engineering and research & development (R&D). It caters to a diverse clientele, including IT and HPC professionals, engineers, scientists, and technology executives. Rescale's primary market is the digital engineering sector, where it helps clients accelerate innovation and tackle bigger challenges through computational science and engineering.
Rescale's business model is centered on providing secure, scalable computing resources to its clients. It addresses the constraints faced by R&D teams due to lack of computing capacity or legacy hardware. By offering full-stack cloud automation, Rescale enables its clients to accelerate product development and onboard more teams.
The company also assists IT teams in managing growing portfolios of software, hardware, and tools. It helps businesses become more competitive by overcoming constraints imposed by legacy product development processes. Rescale's platform facilitates seamless collaboration and data integration, enabling clients to bring more competitive products to market faster.
Rescale's cloud-native approach provides its clients with improved agility and efficiency across various R&D areas. It has helped companies like NOV and Exponent improve their engineers' productivity, develop new products faster, and take on larger client projects without making compromises.
In terms of revenue, Rescale makes money by charging its clients for the computing resources and services they use. This pay-as-you-go model allows clients to access high-performance computing on-demand, scaling their usage up or down based on their needs.
Keywords: Cloud-Based Platform, High-Performance Computing, Computational Engineering, Research & Development, Digital Engineering, Full-Stack Cloud Automation, Product Development, Seamless Collaboration, Data Integration, Pay-As-You-Go Model.