AI networking infrastructure firm Upscale AI said on Monday it had raised a $190 million extension to its early-stage funding round, bringing its valuation to $2 billion.
The investment brings the company’s total funding to $500 million. Premji Invest, the investment unit of Indian billionaire Azim Premji, led the round.
New investors, including Nvidia, Salesforce Ventures, Seligman Ventures and Singapore state investor Temasek, joined the round.
Existing investors, including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group and Tiger Global also participated in the funding round.
Upscale AI builds hardware, systems and software that connect AI chips, memory and storage across one fast network, helping large AI models train and run more efficiently with fewer delays.
The company said it will use the capital to expand the business and speed delivery of its advanced AI-native networking technology.
Upscale AI had raised $200 million in January, in a Series A round led by Tiger Global, Premji Invest, and Xora Innovation.
Reuters
