Upscale AI: $200 Million Series A Raised To Build Open AI Networking Platform
By Amit Chowdhry ● Yesterday at 1:30 PM
Upscale AI announced it has raised $200 million in an oversubscribed Series A round as it works to establish what it calls the first pure-play AI networking infrastructure company, positioning networking as a primary constraint on scaling modern AI systems. The financing was led by Tiger Global, Premji Invest, and Xora Innovation, with participation from Maverick Silicon, StepStone Group, Mayfield, Prosperity7 Ventures, Intel Capital, and Qualcomm Ventures. The company said the new round brings its total funding to more than $300 million and follows a rapid fundraising trajectory, characterized by moving from a $100 million seed round to “unicorn” status within months.