Upscale AI Eyes $200 Mn Funding at $2 Bn Valuation
The startup has already secured $200 million in Series A funding in January and a $100 million seed round at launch in September.
AI infrastructure startup Upscale AI is reportedly in talks to raise $180–$200 million in a new funding round, valuing the company at around $2 billion, according to Bloomberg.
The startup has already secured $200 million in Series A funding in January and a $100 million seed round at launch in September, with backing from Tiger Global Management, Xora Innovation, and Premji Invest.
Despite not yet launching a product, the company is focused on custom AI chips and full-stack infrastructure, reflecting rapid valuation growth trends in the AI sector.
In October last year, Upscale AI unveiled SkyHammer, a clean-slate architecture purpose-built to power the next generation of scale-up AI networking.
Designed to overcome the limits of traditional front-end switches, PCIe fabrics, and proprietary topologies, SkyHammer is designed to deliver deterministic latency, extreme bandwidth, and predictable performance across the world’s largest AI clusters.
"Our deep expertise enables us to architect cohesive AI infrastructure solutions, partnering with leading xPU vendors and AI innovators to meet today’s demands and power what’s next,” Barun Kar, CEO of Upscale AI, said.
