Rescale, Inc. announced that it will issue 2,620,169 series C-1 preferred stock at an issue price of $19.0827 per share for gross proceeds of $49,999,898.98 on February 2, 2021.The series C-1 shares non-cumulative dividend rate of $1.526616 per share. The preferred shares are convertible into common shares at their respective original issue price. The shares are convertible, participating and non-redeemable.

The transaction involved participation from Hitachi Ventures GmbH, Nautilus Venture Partners, NVIDIA Corporation, Republic Labs, Samsung Catalyst Fund, a fund managed by Samsung Catalyst Fund and returning investor M12.