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Cloud HPC Leader Rescale Closes $14 Million Funding Round to Fuel Global Expansion

Rescale, the leader in cloud HPC, secures $14 million in Series A funding led by TransLink Capital with participation from Microsoft Ventures, Jump Capital, ITOCHU Technology Ventures, Two Roads Group, and Data Collective. Rescale's expansion plans will help meet the escalating worldwide customer demand for enterprise-class HPC platforms to help large enterprises transition from expensive legacy on premise systems to scalable, agile, and high performing cloud computing infrastructure. The Series A funding adds to existing seed investments from Sam Altman, Jeff Bezos, Richard Branson, Data Collective, Paul Graham, and Peter Thiel among others - with a total of over $20 million raised to date. TransLink Capital co-founder and Managing Director, Toshi Otani, will join the board of directors. “As the industry-leading platform solution for enterprise HPC, Rescale has demonstrated to be uniquely well positioned as HPC makes the inevitable transition to the cloud," said Toshi Otani, Managing Director at TransLink capital.  To read more, please visit http://www.prnewswire.com/news-releases/cloud-hpc-leader-rescale-closes-14-million-funding-round-to-fuel-global-expansion-300285918.html

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