OnScale, a Redwood City, California-based leader in cloud-enabled engineering simulation software company, announced it raised $10 million in Series A funding led by Intel Capital and Gradient Ventures — which is Google’s AI-focused venture capital arm. Additional investors that participated in this round include Thornton Tomasetti, Stage 2 Capital, Cultivation Capital, and CampbellKlein. In conjunction with this round, Intel investment director Arun Chetty is joining OnScale’s board.
“Leaps in technology require paradigm shifts in engineering, and the combination of world-class multiphysics solvers, AI, and highly scalable cloud-based HPC provide an opportunity for such a paradigm shift in how we create world-changing technologies. That is why we’re excited to welcome OnScale and its team of software experts to the Gradient portfolio,” said Gradient Ventures partner Zach Bratun.
With this funding round, OnScale will be driving global expansion, respond to increasing demand, and accelerating the development of its Computer-Aided Engineering (CAE) solutions for complex and real-world engineering applications. And OnScale empowers companies to advance the development of new technologies like semiconductors, MEMs, 5G, next-generation medical devices, and autonomous vehicles through engineering simulations.
OnScale’s CAE tools are based on proprietary multiphysics solvers that were developed and validated over 30 years by one of the largest engineering consulting firms in the world for DARPA, the U.S. Department of Defense (DOD), and large commercial customers. The CAE solvers were architected for highly parallel mainframe computers to handle very large engineering simulation problems and are a perfect fit for high-performance computing.
OnScale now a large and growing base of customers including Fortune 100 companies. And OnScale’s accurate simulation results are up to 100x faster than legacy CAE offerings. Current OnScale solutions address the simulation needs of Semiconductor and MEMS, 5G mobile, next-gen biomedical, infrastructure safety, and autonomous vehicle markets.
OnScale spun out of Thornton Tomasetti a couple of years ago and is currently led by CEO Ian Campbell. “With strategic investors like Intel Capital and Google’s Gradient Ventures, OnScale is well positioned to help engineers of all disciplines solve their design challenges,” added Campbell. “Created for engineers, by engineers, our mission is to usher in the future of engineering. With this investment, we will continue to empower innovators who are creating the future of technology.”
“As technology systems become more complex, next-generation computer-aided engineering software will become integral to design and deployment,” explained Intel Capital VP and senior managing director Dave Flanagan. “OnScale’s highly scalable CAE solution leverages the power of the cloud and advanced multiphysics to model highly complex systems, helping customers solve the toughest design challenges.”
