AI networking startup Upscale AI raises $190M at $2B valuation
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by Maria Deutscher
Summary
Data center networking startup Upscale AI has raised $190 million as an extension to its Series A round, bringing the total to $390 million. The round was led by Premji Invest with participation from Nvidia, Salesforce Ventures, Seligman Ventures, and Temasek. The company is now valued at $2 billion, positioning it as a significant player in AI networking infrastructure.
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Key quotes
· 3 pulledData center networking startup Upscale AI Inc. today announced that it has raised $190 million in fresh funding.
The capital was provided as an extension to a $200 million Series A round that the company first closed in January.
The new raise was led by Premji Invest with participation from Nvidia Corp., Salesforce Ventures, Seligman Ventures, Temasek and several existing backers.
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