HPC in the Cloud Provider Rescale Raises $6.4 Mln

Rescale Inc., San Francisco based provider of HPC infrastructure in the cloud, raises $6.4 million.

Market Research Media forecasts that the HPC in the cloud market segment will reach $1.5 Bln by 2017, growing at CAGR 19% in 2015-2020. “The High Performance Computing is becoming more ubiquitous. The borderline is fading between the HPC domain and data center. Governments increasingly recognize High Performance Computing as a measure of national security and economic competitiveness. High Performance Computing is the key to many gates – renewable fuel, drug discovery and life-saving treatments; these are only few of HPC applications promising game-changing breakthroughs for entire mankind.” Source: Worldwide High Performance Computing (HPC) Market Forecast 2015-2020.