Rescale has successfully secured $115 million in funding to enhance its digital engineering and simulation capabilities. The financing, part of a Series D round, aims to accelerate the development of AI-driven physics technologies that are transforming design and simulation processes across various industries. The announcement was met with congratulations from industry peers, highlighting the innovative approach Rescale is taking in the AI simulation space. In a separate development, Tessell has raised $60 million in a Series B funding round to advance its database-as-a-service platform, which focuses on scalable data management solutions. This funding will support the launch of an AI-based conversational database management service, further positioning Tessell in the competitive data management landscape.
Tessell, which offers a multi-cloud database-as-a-service, raised a $60M Series B and plans to launch an AI-based conversational database management service (@jagmeets13 / TechCrunch) https://t.co/gGuVyeHQPK https://t.co/sJAwgE0jhH https://t.co/ZOzeer1FAj
Tessell reels in $60M for its database-as-a-service platform https://t.co/VnxHc9efLD
Tessell snags $60M to drive data management at scale: https://t.co/azWjPqSNzo by TechCrunch #infosec #cybersecurity #technology #news