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.