US-based enterprise cloud computing technology developer Rescale closed a $32m series B round on Tuesday featuring M12 and Itochu Technology Ventures, respective subsidiaries of software provider Microsoft and trading group Itochu.
The round included more than 30 investors according to Rescale. It was co-led by venture capital firms Initialized Capital, Keen Venture Partners and SineWave Ventures and included Mitsubishi UFJ Capital, the VC division of banking group Mitsubishi UFJ.
Data Collective, Jump Capital, Quiet Capital, Streamlined Ventures, Translink Capital, Two Roads Group and Y Combinator also took part, as did private investors Sam Altman, Jeff Bezos, Richard Branson, Chris Dixon, Paul Graham, Ken Hao, Adam Smith, Peter Thiel and Steve Westly.
Rescale has created a multi-cloud software platform called ScaleX that can help engineers and scientists manage an organisation’s high-performance computing infrastructure. It has also built a smaller version, ScaleX Pro, for individuals and small teams that lack access to on-premise tools.
M12 and Itochu Technology Ventures had previously backed Rescale’s $14m series A round in 2016, which was led by TransLink Capital with investments from Jump Capital, Two Roads Group and Data Collective.
Data Collective had joined angel investors including Altman, Bezos, Branson and Thiel to supply $6.4m in seed capital for the company the year before.
Joris Poort, Rescale’s co-founder and chief executive, said: “With support of our series B funding, we are further investing in our hybrid multi-cloud platform in order to help executives, IT leaders, engineers and scientists securely manage their product innovation.
“The hypergrowth we are seeing demonstrates a strong commitment from our enterprise customers and highlights our leading platform solutions for big compute.”