NEC Orchestrating Future Fund, an ecosystem-based corporate venture capital (CVC) fund, has invested in new windowRescale, Inc. (Rescale), a San Francisco-based technology company that provides cloud high performance computing (HPC).
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In response to greater demand for new innovative products, enterprises are increasing their investments in technologies that expedite time to market. High-performance computing has grown to a PDF$50 billion market, simulation software a new window$20 billion market, and product lifecycle data management a new window$30 billion market. With the growing adoption of these solutions in the enterprise, teams are challenged to integrate the increasingly complex stack of software, hardware, and data systems into a unified control plane and user experience. Further, applied AI solutions are advancing rapidly, but most organizations lack a cohesive platform to embed these capabilities into the analysis, modeling, and simulation workflows for physics, chemistry, and biology. Rescale offers a comprehensive platform for integrating compute, data, and AI capabilities into a seamless experience, enabling organizations to focus on innovation and discovery.
SOURCE: NEC
