The IBM 7090 was a second-generation transistorized version of the earlier IBM 709 vacuum tube mainframe computers and was designed for "large-scale scientific and technological applications". The 7090 was the third member of the IBM 700/7000 series scientific computers. The first 7090 installation was in November 1959. In 1960, a typical system sold for $2.9 million (equal to $ million in ) or could be rented for $63,500 a month (equal to $,000 in ).