What is OnScale?
Founded in 2017, OnScale specializes in cloud-based multiphysics solver technology, catering to critical sectors such as MEMS IoT, 5G, biomedicine, and autonomous vehicles. The company's platform uniquely integrates advanced simulation capabilities with cloud High Performance Computing (HPC), offering a powerful alternative to the constraints of traditional simulation tools. By leveraging this technology, OnScale empowers businesses to substantially reduce development costs and accelerate the time-to-market for their cutting-edge products. With an international presence spanning North America, the United Kingdom, and Europe, OnScale serves a diverse clientele through its mobile application and comprehensive software solutions.
How much funding has OnScale raised?
OnScale has raised a total of $10.3M across 2 funding rounds:
Series A
$10M
Debt
$350K
Series A (2019): $10M with participation from Intel Capital and Gradient Ventures
Debt (2020): $350K led by PPP
Key Investors in OnScale
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies. Intel Capital curates thousands of business development introductions each year. It is headquartered in Santa Clara, California.
Gradient Ventures
Gradient Ventures is a venture capital fund focused on artificial intelligence and machine learning startups. They provide funding and strategic support to companies developing innovative AI solutions across various industries.
What's next for OnScale?
The recent major strategic investment signals a new phase of growth and development for OnScale. This capital infusion is expected to fuel further advancements in their cloud-based multiphysics solver technology and expand their market reach within the rapidly evolving fields of IoT, 5G, and autonomous systems. The company's focus on reducing development costs and accelerating innovation positions it favorably to capitalize on increasing demand for sophisticated engineering simulation tools. Future strategic initiatives will likely involve deepening partnerships and enhancing their platform's capabilities to address complex engineering challenges.
See full OnScale company page
