AI infrastructure company Upscale AI is reportedly in talks to nab its third funding round since launching just seven months ago, according to Bloomberg.
This latest round — which aims to raise around $180 million to $200 million — would value the company at about $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.
Notably, Upscale AI has yet to release a product. However, it’s said to focus on building custom chips and on the infrastructure to enable them to communicate effectively. The company is betting on a full-stack solution and open standards as being the future of scalable AI infrastructure.
The rumored valuation and raise are part of the startup playbook in this age of AI, where companies grow fast, valuations grow faster, but the hope for the next big thing outpaces it all.
Thousands of rare concert recordings are landing on the Internet Archive — listen now
Chicago-based music superfan Aadam Jacobs has been recording the concerts he attends since the 1980s, amassing an archive of over...
Anthropic temporarily banned OpenClaw’s creator from accessing Claude
“Yeah folks, it’s gonna be harder in the future to ensure OpenClaw still works with Anthropic models,” OpenClaw creator Peter...
Iranian hackers are targeting American critical infrastructure, US agencies warn
The U.S. government is warning that Iran-backed hackers are escalating their tactics by targeting American critical infrastructure systems with the...
Anthropic says Claude Code subscribers will need to pay extra for OpenClaw usage
It’s about to become more expensive for Claude Code subscribers to use Anthropic’s coding assistant with OpenClaw and other third-party...
