Upscale AI Hits $2 Billion Valuation After $190M Funding Extension
NVDA•Upscale AI raised a $190 million extension to its early-stage funding round, boosting total capital to $500 million and valuation to $2 billion. Nvidia, Salesforce Ventures, Seligman Ventures and Temasek joined the round led by Premji Invest to expand its AI networking hardware and software business.
1. Funding Round Details
Upscale AI announced a $190 million extension to its Series A round, bringing total funding to $500 million and setting a $2 billion valuation. The extension was led by Premji Invest, with new investors Nvidia, Salesforce Ventures, Seligman Ventures and Temasek, alongside participation from Maverick Silicon, Mayfield, Prosperity7, StepStone Group and Tiger Global.
2. Business Focus and Growth Plans
Upscale AI develops hardware, systems and software to connect AI chips, memory and storage over high-speed networks, optimizing large model training and inference. The company will deploy the new capital to accelerate delivery of its AI-native networking products and scale operations globally.
