ChainThink reports that on June 22, according to a company announcement, AI infrastructure startup Upscale AI has completed a new $190 million funding round led by Premji Invest, with participation from NVIDIA, Salesforce Ventures, and others.
Post-funding, the company’s valuation reached $2 billion. This round is part of its Series A extension, bringing Upscale AI’s total funding to $500 million.
New investors such as Temasek and Seligman Ventures participated, while existing shareholders including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global continued to invest.
Upscale AI focuses on network infrastructure for large-scale AI clusters and is developing a full-stack AI networking architecture spanning chips, systems, and software, aiming to build an open standard networking solution for large-scale AI workloads.
The company stated that as AI clusters scale up, network performance is becoming a limiting factor for GPU utilization and training efficiency.
Currently, Upscale AI has engaged in evaluation and deployment with multiple hyperscale cloud providers and new cloud infrastructure providers, but has not disclosed specific customer information.