Funding Round · TechCrunch
Upscale AI in talks to raise at $2B valuation, confirms report
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AI infrastructure company Upscale AI is reportedly in talks to raise its third funding round since launching just seven months ago.
Key facts
- This latest round, which aims to raise around $180 million to $200 million, would value the company at about $2 billion
- The company announced a $200 million Series A in January and a $100 million seed round in September, when it first launched
- Investors in the company include Tiger Global Management, Xora Innovation, and Premji Invest
- AI infrastructure company Upscale AI is reportedly in talks to nab its third funding round since launching just seven months ago, according to Bloomberg
Summary
This latest round, which aims to raise around $180 million to $200 million, would value the company at about $2 billion. Investors in the company include Tiger Global Management, Xora Innovation, and Premji Invest. However, it’s said to focus on building custom chips and on the infrastructure to enable them to communicate effectively.