Rescale, a digital engineering platform, secures $115 million in Series D funding to advance AI-powered engineering tools for faster product design and testing.
Investors include Applied Ventures, Nvidia, Y Combinator, with Rescale's total capital raised over $260 million.
Founded to empower engineers, Rescale aims to transform product design with high-performance computing and AI physics.
Originating from Boeing experience, Rescale's founders struggled with computing resources for complex simulations.
Rescale's 'AI physics' concept uses AI models trained on simulation data to accelerate computations by over 1,000 times.
The company's 'compute recommendation engine' optimizes workloads across various cloud architectures in real-time.
Rescale's enterprise customers, such as Arm and General Motors, spend over $1 billion annually on virtual product development.
Their roadmap includes expanding applications, enhancing data management, and enabling faster engineering through AI.
Rescale collaborates with Applied Materials to enhance simulation capabilities, emphasizing a shift in engineering knowledge application.
The company prioritizes tangible value delivery with domain-specific AI models, guided by high-profile early investors like Paul Graham and Jeff Bezos.