Upscale AI seeks $200M funding at $2B valuation

AI infrastructure startup Upscale AI is reportedly in discussions to secure its third funding round, aiming to raise between $180 million and $200 million. This would place the company's valuation at approximately $2 billion, a significant increase since its launch just seven months ago. Despite not yet releasing a product, Upscale AI focuses on developing custom chips and the necessary infrastructure for effective communication between them, envisioning a full-stack solution with open standards for scalable AI. The company has already secured substantial seed and Series A funding from prominent investors.