Rescale Secures $115 Million in Funding to Accelerate AI-Driven Engineering Simulations

Rescale Raises $115 Million to Revolutionize Engineering with AI

Rescale, a San Francisco-based engineering software startup, has successfully secured $115 million in a Series D funding round, bringing its total funding to over $260 million 1

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. The round was led by prominent investors, including Applied Materials' venture arm and Nvidia, the world's largest AI chip manufacturer 1

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Transforming Engineering with AI-Powered Simulations

Rescale's platform is designed to accelerate complex engineering simulations using cloud computing and artificial intelligence. The company's software helps engineers simulate intricate physical systems during the design process, such as modeling wind flow around race car designs 1

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Joris Poort, Rescale's founder and CEO, explained the transformative potential of their technology:

"With AI physics, you train AI models on simulation data sets, allowing you to run these simulations over 1,000 times faster. The AI model provides probabilistic answers -- essentially estimates -- whereas traditional physics calculations are deterministic, giving you exact results." 2

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Accelerating Design Processes

The funding will be used to develop AI-enabled products and solutions that can dramatically speed up product design and testing 3

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. Rescale's AI models, while not as precise as full-scale simulations, offer a significant advantage in speed:

1. Traditional simulations: Take about three days to complete on 1000 compute cores.
2. AI-powered simulations: Can provide results in less than a second, with 98% or better accuracy 1

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This acceleration allows engineers to explore many more design possibilities within tight deadlines, using the more time-consuming full-scale simulations only to verify the AI's work 1

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Expanding Market and Industry Applications

Rescale's technology addresses a growing market for cloud-based engineering tools:

• High-performance computing market: Approximately $50 billion
• Simulation software market: About $20 billion
• Product lifecycle data management market: Roughly $30 billion 2

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The company's platform is used across various industries, including aerospace, automotive, energy, life sciences, and semiconductors 4

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. Notable customers include Arm, General Motors Motorsports, Samsung, and the U.S. Department of Defense 2

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Strategic Partnerships and Future Developments

Rescale recently announced the integration of Nvidia's DGX Cloud into its network of global cloud service providers. This collaboration allows customers to access Nvidia's advanced GPU infrastructure, including the NVIDIA GB200 NVL72 platform powered by the Blackwell architecture 3

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Dr. Om Nalamasu, CTO of Applied Materials and President of Applied Ventures, highlighted the potential of Rescale's technology:

"Rescale's software suite speeds up AI physics simulation capabilities and adoption of digital twin initiatives." 4

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Impressive Investor Lineup

The funding round attracted a diverse group of investors, including:

• Tech giants: Applied Materials, Nvidia
• Venture capital firms: Y Combinator, Atika Capital, SineWave Ventures
• Corporate investors: Foxconn, Hanwha, Hitachi Ventures, NEC Orchestrating Future Fund
• Academic institutions: University of Michigan 1

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Notable early investors in Rescale include OpenAI co-founder Sam Altman, Amazon's Jeff Bezos, PayPal co-founder Peter Thiel, and Microsoft 1

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As Rescale continues to develop its AI-driven engineering platform, it aims to remove barriers in compute power, data management, and AI deployment, empowering engineers and scientists to accelerate innovation across industries 3

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