Upscale AI in talks to raise at $2B valuation, says report
TechCrunch·1h ago·Neutral
What Happened
Upscale AI, an infrastructure company launched seven months ago, is in talks to raise $180-200 million in its third funding round, valuing the company at $2 billion. The company previously raised $200 million in Series A funding in January and $100 million in seed funding in September. Investors include Tiger Global Management, Xora Innovation, and Premji Invest. Upscale AI focuses on custom chip development and infrastructure. The company has not yet released a product.
Key Entities
Upscale AITiger Global ManagementXora InnovationPremji InvestBloomberg