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WHTop → 📋 News → Rescale Raises $115M for AI Engineering Innovation
Apr, 2025 : Rescale Raises $115M for AI Engineering Innovation
📅 - Listen to an audio summary
Rescale, a digital engineering platform focused on accelerating innovation and scientific discovery, has secured $115 million in a Series D funding round, bringing its total funding to over $260 million. The new capital will be used to further develop Rescales platform across several key areas.
It includes the rollout of additional high-performance computing workflows and technologies, expanding its AI-native capabilities such as automated data tagging and model search, and enhancing security compliance, especially for government and defense customers.
Rescale also plans to grow its ecosystem of more than 1,250 specialized engineering applications and extend [...][... Check source for end of article ...]
📅 - Zultys announced the debut of its Hardware as a Service (HaaS) product - HaaS is a premise-based deployment that may be offered as a fully hybrid unified communications solution or only using premise hardware. By offering business phone services and fixed per-user, per-month pricing, it mimics the conventional UCaaS delivery model and provides clients with a flexible substitute for significant capital investments.
HaaS customers may enjoy the complete control of an on-premise system with the agility of the cloud thanks to Zultys' unique offering of the same product, interface, and user experience across all deployment types. Customers may now get a high-performance, enterprise-grade business communication solution, including phones and PBX equipment, via a [...]
Lumai, a spinout from the University of Oxford, has announced a funding round of more than $10 million to advance its pioneering opticalAI accelerator technology. The capital injection will be used to expand Lumais presence in the U.S., triple the size of its team, and accelerate product development.
The companys core innovation lies in its approach to optical computing - using light instead of electrons to carry out the complex matrix multiplications at the heart of AI processing. This method promises to reduce energy consumption dramatically, a critical advantage as the data center industry braces for massive growth and rising energy demands.
The round was [...]
📅 - CFOs Prioritize Tech Investment Amid Growing Economic Uncertainty - Finance leaders across the U.S. are shifting strategic priorities in 2025, placing renewed emphasis on technology investment despite a sharp drop in economic optimism, according to a new survey from Grant Thornton. The firms first quarterly CFO survey of the year revealed that just 47% of chief financial officers (CFOs) expressed optimism about the U.S. economy - a 21-point decline from the previous quarter and the lowest level in two and a half years.
This significant shift in sentiment is largely attributed to mounting concerns over tariffs, labor availability, and the evolving stance of the new U.S. administration on immigration enforcement. These factors have introduced greater [...]
📅 - i2Coalition Partners with HostingJournalist to Amplify Member Advocacy - Photo: This collaboration with media partner HostingJournalist Magazine will strengthen the advocacy of our members and our collective voice in the industry, says Christian Dawson (right), co-founder and Executive Director of the North American internet infrastructure industry organization i2Coalition, in the photo at CloudFest 2025, together with HostingJournalist editor-in-chief Koen Stegeman (left).
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The Internet Infrastructure Coalition (i2Coalition) has announced a strategic partnership with HostingJournalist.com. This collaboration provides i2Coalition and its 85+ members direct access to HostingJournalist.coms Insider self-publishing platform, enabling [...]
📅 - IBM Launches z17 Mainframe to Deepen AI Integration in Enterprise IT - IBM has officially introduced the latest evolution of its iconic mainframe series: the IBM z17. This new system is not just an upgrade - it's a transformation, purpose-built to meet the rapidly growing demands of artificial intelligence in enterprise environments. From hardware and software to operational intelligence, the z17 is designed to position AI at the heart of business-critical computing, redefining whats possible in transaction-heavy environments.
The system is powered by IBMs new Telum II processor, a second-generation chip featuring an on-chip AI accelerator that significantly boosts inference capabilities. According to IBM, the z17 can perform 50% more AI inference operations [...]
i2Coalition now offers its more than 85 members low-threshold access to the HostingJournalist.com news platform through which members can self-publish their business content instantly alongside the editorial news.
i2Coalition collaborates with lawmakers and industry leaders to advocate for its members that include AWS, Google, DigitalOcean, OVHcloud, Newfold Digital, Cloudflare, Namecheap, GoDaddy, WebPros, Tucows, Bluehost, HostGator, DreamHost, Hostinger and others, ensuring these Internet [...]