Rescale

Rescale

Cloud platform for high-performance computing solutions

About

Rescale provides a cloud-based platform for high-performance computing (HPC) solutions aimed at computational engineering and research & development (R&D). The platform helps clients overcome limitations of outdated hardware by offering secure and scalable computing resources, enabling faster product development and improved collaboration. Rescale's pay-as-you-go model allows clients to access computing power on demand, making it easier to scale their usage based on project needs. The company's goal is to empower R&D teams to innovate more efficiently and bring competitive products to market quickly.

Company Stage

Series C

Employees

201-500

Industries

Data & Analytics, Industrial & Manufacturing, Enterprise Software

Total Funding

$148.2M

Headquarters

N/A

Founded

2011


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Simplify's Take

What believers are saying

  • Recognition by Gartner, Deloitte, and the World Economic Forum positions Rescale as a leader in cloud infrastructure, reflecting robust financial health and promising growth prospects.
  • Continuous development of proprietary technologies, like High-Throughput Computing and Metadata Management, enhances Rescale’s competitive edge in the market.
  • Strategic partnerships, such as with Caresyntax for AI-driven surgical simulations, demonstrate Rescale’s influence in transformative collaborations across industries.

What critics are saying

  • Expansion into emerging fields like quantum computing with IonQ could lead to slower adoption, impacting revenue and financial stability.
  • The competitive landscape of HPC is fierce, with giants like AWS and Google Cloud potentially eroding Rescale’s market share and affecting its investment in talent and innovation.

What makes Rescale unique

  • Rescale's cloud-native approach offers unmatched scalability, allowing clients to tackle extensive computational challenges without being hindered by outdated hardware - a clear edge over traditional HPC solutions.
  • By focusing on diverse industries like healthcare, energy, and academia, Rescale taps into niche markets, with initiatives such as Rescale Academic Essentials distinguishing it from competitors like AWS or Azure.
  • The company has secured significant investment, including a $105M million Series C funding round from prominent investors like Gaingels Syndicate, Fortross Ventures, Republic Capital and others.

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Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-10%

2 year growth

-20%

Benefits

Health Insurance - Medical, dental and vision coverage.

Apple Gear - Get the latest tools to do amazing work.

Team Events - Happy hours, picnics, and hackdays

Catered Lunches - Get tasty meals delivered three days a week.

Commuter Benefits - Pre-tax savings on your commute.

401(k) + Stock Options - Receive meaningful equity in the company.

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