Rescale Secures $115 Million for AI-Driven Engineering Platform

Rescale has announced a $115 million Series D funding round to enhance its AI-driven digital engineering platform, with backing from major investors including NVIDIA and Foxconn.

Rescale has announced a $115 million Series D funding round, according to a press release. The funding round includes participation from major investors such as NVIDIA, Foxconn, and Hanwha Asset Management Deeptech Venture Fund. This new capital brings Rescale's total funding to over $260 million.

Rescale's platform aims to empower engineers and R&D teams by integrating advanced computing, intelligent data management, and applied AI. The company plans to use the new funds to expand its digital engineering platform, which supports a wide range of industries including aerospace, automotive, and life sciences.

The funding will also help Rescale enhance its library of applications and global network of cloud datacenters, enabling faster innovation and discovery. Rescale's platform is designed to remove bottlenecks in compute and data management, allowing engineers and scientists to accelerate their work and bring advanced products to market more efficiently.

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