Rescale secures $115 million in Series D funding to accelerate AI physics technology that speeds up engineering simulations by 1000x, backed by tech luminaries including Bezos and Altman.
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Rescale, a digital engineering platform that helps companies run complex simulations and calculations in the cloud, announced today that it has raised $115 million in Series D funding to accelerate the development of AI-powered engineering tools that can dramatically speed up product design and testing. The funding round, which brings Rescale's total capital raised to more than $260 million, included investments from Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, Nvidia, Prosperity7, SineWave Ventures, TransLink Capital, the University of Michigan, and Y Combinator. The San Francisco-based company has drawn support from an impressive roster of early backers including Sam Altman, Jeff Bezos, Paul Graham, and Peter Thiel. This latest round aims to propel Rescale's vision of transforming how products are designed across industries by combining high-performance computing, intelligent data management, and a new field the company calls "AI physics." "Rescale was founded with the mission to empower engineers and scientists to accelerate innovation by running computations and simulations more efficiently," Joris Poort, Rescale's founder and CEO, said in an interview with VentureBeat. "That's exactly what we're focused on today." From Boeing's carbon fiber challenge to a $260 million startup The company's origins trace back to Poort's experience working on the Boeing 787 Dreamliner more than 20 years ago. He and his co-founder Adam McKenzie were tasked with designing the aircraft's wing using complex physics-based simulations. "My co-founder, Adam, and I were working at Boeing, running large-scale physics simulations for the 787 Dreamliner," Poort told VentureBeat. "It was the first fully carbon fiber commercial airplane, which posed significant…