# OnScale

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onscale

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.onscale.com
- Total disclosed funding: $25M
- Latest round: Series A (Jul 22, 2021)
- Investors on record: 5

## About

OnScale Inc. is a cloud engineering simulation platform that empowers engineers with high-performance multiphysics solvers, facilitating advanced simulations across various industries, including aerospace, automotive, and electronics.OnScale Inc. specializes in cloud-based engineering simulations, providing solutions that cater to complex engineering challenges. Founded in Redwood City, US, the company has evolved its business strategy to focus on high-performance simulation tools tailored for various sectors. The CEO, Ian Campbell, has a notable background in technology leadership. OnScale was acquired by ANSYS, Inc. in April 2022 for USD 130 mn, marking a significant pivot in its operational strategy. The company has a total of 6 funding deals and has raised USD 130 mn, with ANSYS, Inc. being the investor in its latest funding round.OnScale Solve, launched in 2017, is the primary product offering, delivering a cloud-native engineering simulation platform equipped with advanced multiphysics solvers. This platform allows engineers to develop Digital Prototypes that accurately reflect physical systems, significantly reducing the need for physical prototypes. It integrates seamlessly with cloud services like AWS and GCP, offering a unique 'pay-as-you-simulate' model that caters to diverse project requirements. The platform serves a global customer base, including markets in North America, Europe, and Asia.OnScale operates a subscription-based revenue model that allows users to purchase simulation capacity through core-hours, enabling flexible access to computational resources. This structure supports various clients, from individual engineers to large R&D organizations, facilitating extensive simulations in mechanical, thermal, and fluid dynamics. The pricing is designed to accommodate users with varying needs, from minimal to extensive computational capacity, creating a scalable environment for innovation.The acquisition by ANSYS, Inc. in April 2022 will enable OnScale to leverage a cloud-native, web-based user interface for broader access to simulation technologies. Future plans include the development of new products designed to enhance simulation capabilities, with a strategic focus on expanding into additional global markets, particularly in Europe and Asia, by 2023. The recent funding will be instrumental in supporting these product innovations and market expansion initiatives.

## Funding rounds

- Series A, Jul 22, 2021, $9.4M — Intel Capital, Cultivation Capital, Gradient Ventures, CampbellKlein, LLC, Thornton Tomasetti
- Series A, Dec 21, 2018, $15M — Intel Capital, Gradient Ventures

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Series A
- Cultivation Capital (https://capitalatlas.ai/funds/cultivation-capital) — Series A
- CampbellKlein, LLC — Series A
- Thornton Tomasetti — Series A