Rescale was founded in 2011 by Adam McKenzie and Gregorius Poort. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Rescale is a cloud-based high performance computing platform "created specifically for digital R&D." The platform is equipped to handle workloads within a variety of industries, including aerospace, pharmaceutical development, genomics, and semiconductor design and manufacturing. Rescale maintains strategic partnerships with platforms such as AWS, Microsoft Azure, Google Cloud, ANSYS, and AutoForm. The company has raised more than $100 million in venture capital funding from investors including Hitachi Ventures, M12, Nautilus Venture Partners, NVIDIA, Republic Labs, Samsung Catalyst Fund, Jeff Bezos, and Peter Thiel. The company has not disclosed specific valuation figures.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/24/2024 | Series D | $89.57MM | $xx.xx | $799.88MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,052,420
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/23/2021 | Series C-1 | $54.75MM | $xx.xx | $685.54MM | Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Sam Altman | |
Price per Share
$xx.xx
Shares Outstanding
2,868,892
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Sam Altman
|
||||||
02/02/2021 | Series C | $52.96MM | $xx.xx | $433.61MM | Hitachi Ventures, M12, Nautilus Venture Partners, Nvidia, Republic Labs, Samsung Catalyst Fund | |
Price per Share
$xx.xx
Shares Outstanding
4,162,761
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Hitachi Ventures, M12, Nautilus Venture Partners, Nvidia, Republic Labs, Samsung Catalyst Fund
|
||||||
07/24/2018 | Series B | $32.42MM | $xx.xx | $256.75MM | Initialized Capital, Keen Venture Partners, Sinewave Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,065,154
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Initialized Capital, Keen Venture Partners, Sinewave Ventures
|
||||||
06/16/2016 | Series A-1 | $572,634.43 | $xx.xx | $82.84MM | Data Collective, Itochu Technology Ventures, Jump Capital, M12, Translink Capital, Two Roads Group | |
Price per Share
$xx.xx
Shares Outstanding
674,640
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Data Collective, Itochu Technology Ventures, Jump Capital, M12, Translink Capital, Two Roads Group
|
||||||
06/16/2016 | Series A | $14.33MM | $xx.xx | $82.84MM | Data Collective, Itochu Technology Ventures, Jump Capital, M12, Translink Capital, Two Roads Group | |
Price per Share
$xx.xx
Shares Outstanding
5,082,714
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Data Collective, Itochu Technology Ventures, Jump Capital, M12, Translink Capital, Two Roads Group
|
||||||
07/14/2015 | Series Seed-1 | $1.34MM | $xx.xx | $67.2MM | Chris Dixon, Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Ron Conway, Sam Altman | |
Price per Share
$xx.xx
Shares Outstanding
1,519,688
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chris Dixon, Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Ron Conway, Sam Altman
|
||||||
07/14/2015 | Series Seed-2 | $733,690.02 | $xx.xx | $67.2MM | Chris Dixon, Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Ron Conway, Sam Altman | |
Price per Share
$xx.xx
Shares Outstanding
556,205
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chris Dixon, Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Ron Conway, Sam Altman
|
||||||
07/14/2015 | Series Seed-3 | $4.31MM | $xx.xx | $67.2MM | Chris Dixon, Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Ron Conway, Sam Altman | |
Price per Share
$xx.xx
Shares Outstanding
980,787
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chris Dixon, Jeff Bezos, Paul Graham, Peter Thiel, Richard Branson, Ron Conway, Sam Altman
|