Press Releases

A pure-play AI networking infrastructure company, today announced it has raised $190 million in Series A-1 financing. This latest investment brings the company’s total funding to $500 million, and its current valuation to $2 billion, reflecting strong investor conviction in the AI networking market and Upscale AI’s unique innovation in driving open-standards solutions for it.

The Series A-1 round was led by Premji Invest, and included funding from new investors, NVIDIA, Salesforce Ventures, Seligman Ventures, and Temasek as well as participation from existing investors, Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global.

Upscale AI is reimagining networking for the AI era with a full-stack portfolio spanning silicon, systems, and software. Through a unified, open-standard AI fabric, the company connects accelerators, memory, and storage into a single high-performance AI engine purpose-built to eliminate network bottlenecks across large-scale, synchronized AI workloads, including training and inference of frontier models.

The company is actively engaged with multiple hyperscalers and leading neocloud infrastructure providers, with customer evaluations and deployments underway across scale-out and scale-up networking environments.

Upscale AI will use the new capital to scale the business and accelerate delivery of its advanced AI-native networking technology.