Rescale Named as Top Company in 2020 by Y Combinator

By Thomas Price Saturday, January 23, 2021

2020 was fraught with incredible economic challenges brought on by the COVID-19 pandemic. While many different businesses struggled immensely over the course of the year, others have found tremendous success. Rescale is one of these companies as the business has seen strong growth and popularity in their HPC cloud platform. This strength in 2020 has in turn led to Rescale’s recognition as one of the best companies of the year. The recognition for the company came from Y Combinator’s third annual Top Companies List. Considering this recent recognition for the business, what work does Rescale do, what are the details of Y Combinator’s list, and what will this mean for the future of the companies on the list?

Rescale’s Platform and Growth

Rescale is a company that has created an industry-leading hybrid, high-performance computing, or HPC, cloud platform built specifically for better scientific research and developing startups. Rescale’s performance with this platform has been incredibly successful thus far, with the company helping over 200 different customers develop all the way from startups to Fortune 50 enterprises. The company’s platform is designed to be an effective solution in a number of different industries, including aerospace, the automotive industry, oil and gas, life sciences, electronics, academia, and machine learning.

Rescale was founded in 2011 by entrepreneurs Joris Poort and Adam McKenzie. Their business raised funding from major names in the tech industry, such as Jeff Bezos, Richard Brandson, Peter Thiel, and Microsoft. Since then, the company has continued to skyrocket in growth, with 2020 being a particularly noteworthy year. Over the course of the year, the company saw the number of jobs submitted on Rescale double along with the number of software applications that are available on the platform.

Y Combinator’s Top Companies List

Rescale was recently named to Y Combinator’s third annual Top Companies List alongside other significant businesses such as Airbnb, DoorDash, Stripe, and Reddit. The companies on the list are responsible for a combined $300 billion valuation and the creation of 60,000 jobs. Rescale’s placement on this list puts the company among the very best that the business world has to offer, considering that over 125 of those named have valuations of over $150 million.

When commenting on the recent recognition from Y Combinator, founder and CEO of Rescale, Joris Poort said, “We're honored to be recognized by Y Combinator on their Top Companies list for the third year in a row. 2020 was an unprecedented year of unexpected challenges for all, and I'm proud of our team's resiliency to help our customers continue to push innovation to new frontiers, ultimately helping our business thrive and earning us a coveted spot listed alongside some of the most transformational and disruptive startups in the world.”

Final Conclusions

Rescale’s innovative hybrid HPC platform has proven itself to be extremely effective and popular in 2020 despite the economic conditions the world faced. Its recent inclusion on Y Combinator’s list of top companies is material proof of that. Considering this success in a difficult year, expectations for Rescale remain high in 2021.

About the Author

Headshot for author Thomas Price

Tom Price is a writer focusing on Entertainment and Sports Features. He has a degree from NYU in English with a minor in Creative Writing. He has been previously published for Washington Square News, Dignitas, CBR, and Numbers on the Boards.

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