Upscale AI in talks to raise at $2B valuation, says report
AI infrastructure company High-quality AI is reportedly in talks to raise its third round of funding since launching just seven months ago, according to Bloomberg.
This latest round – which aims to raise around $180-200 million – would value the company at around $2 billion. The company announced a $200 million Series A in January and a $100 million seed round in September, when it first launched. Investors in the company include Tiger Global Management, Xora Innovation and Premji Invest.
Upscale AI in particular has yet to release a product. However, it is said to be focusing on building custom chips and the infrastructure to allow them to communicate effectively. The company is committed to a full-stack solution and open standards as the future of scalable AI infrastructure.
The talk of valuation and upside is part of the startup playbook in this age of AI, where companies are growing fast and valuations are growing faster, but the hope for the next big thing trumps everything.
