About OnScale
OnScale is a company based in Redwood City (United States) founded in 2018 by Ian Campbell and Robbie Banks was acquired by Ansys in April 2022. It operates as a SaaS (Software-as-a-Service), and Pay-per-Use / Usage-Based. OnScale has raised $18.1 million across 2 funding rounds from investors including Palo Alto Networks, Ansys and Fortune. OnScale offers products and services including OnScale Solve and OnScale Lab. OnScale operates in a competitive market with competitors including Altair, ZWSOFT, SimScale, dSPACE and Tech Soft, among others.
- Headquarter Redwood City, United States
- Founders Ian Campbell, Robbie Banks
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.1 M (USD)
in 2 rounds
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Latest Funding Round
$15.1 M (USD), Series A
Jan 02, 2019
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Investors
Palo Alto Networks
& 10 more
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Employee Count
Employee Count
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Acquired by
Ansys
(Apr 13, 2022)
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Products & Services of OnScale
OnScale offers a comprehensive portfolio of products and services, including OnScale Solve and OnScale Lab. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based simulation platform for engineering design analysis.
Software for engineering simulations and application testing.
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Funding Insights of OnScale
OnScale has successfully raised a total of $18.1M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15.1 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.1M
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First Round
First Round
(01 Mar 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - OnScale | Valuation | Gradient Ventures , Intel Capital | |
| Mar, 2018 | Amount | Seed - OnScale | Valuation | Thornton Tomasetti |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in OnScale
OnScale has secured backing from 11 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Palo Alto Networks, Ansys and Fortune. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital arm of Alphabet Inc. investing in AI
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Venture capital funding is offered to B2B software companies.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OnScale
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OnScale
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Onscale Comparisons
Competitors of OnScale
OnScale operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Altair, ZWSOFT, SimScale, dSPACE and Tech Soft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-powered data science platform enables model deployment and analytics insights.
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| domain | founded_year | HQ Location |
CAD/CAM software solutions for design and product development are provided.
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| domain | founded_year | HQ Location |
Cloud-based simulation software
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Provider of engineering tools for developing and testing mechatronic control systems
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Provide 3D designing softwares for developers
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| domain | founded_year | HQ Location |
Design and simulation software is supplied to industrial manufacturers worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Onscale
Frequently Asked Questions about OnScale
When was OnScale founded?
OnScale was founded in 2018.
Where is OnScale located?
OnScale is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Who is the current CEO of OnScale?
Ian Campbell is the current CEO of OnScale. They have also founded this company.
Is OnScale a funded company?
OnScale is a funded company, having raised a total of $18.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Mar 01, 2018.
What does OnScale do?
OnScale is established as a pioneering cloud engineering simulation platform, offering high-performance multiphysics solvers for engineers. Solutions are provided in sectors like biomedical, 5G RF, MEMS, NDT, and sensors. The platform is built to run on public and private cloud supercomputers, integrating a web-based UI and simulation API for streamlined workflows. Digital prototypes are enabled to reduce costs and risks associated with physical prototyping for RD organizations. Scalable HPC compute capacity and pay-as-you-simulate subscriptions are featured to support engineering innovation.
Who are the top competitors of OnScale?
What products or services does OnScale offer?
OnScale offers OnScale Solve and OnScale Lab.
Who are OnScale's investors?
OnScale has 11 investors. Key investors include Palo Alto Networks, Ansys, Fortune, Thornton Tomasetti, and Michael Lehman.
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