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Upscale AI raises $190M at $2B valuation for AI networking fabric

Upscale AI, a startup focused on building networking infrastructure for AI data centers, has secured $190 million in Series A-1 funding, valuing the company at $2 billion. This latest round, led by Premji Invest, brings Upscale AI's total funding to $500 million within 18 months. The company aims to create an open-standard networking fabric that allows AI chips from different manufacturers to communicate efficiently, addressing a key bottleneck in current AI infrastructure. Investors, including Nvidia and Salesforce Ventures, are betting on Upscale AI to become a foundational company in the rapidly growing AI hardware market. AI

IMPACT This funding could accelerate the development of specialized networking hardware, potentially reducing costs and improving performance for large-scale AI deployments.

RANK_REASON Significant funding round for an AI infrastructure company. [lever_c_demoted from significant: ic=1 ai=0.7]

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Upscale AI raises $190M at $2B valuation for AI networking fabric

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Lily Mae Lazarus ·

    Exclusive: Upscale AI wants to be the next Cisco—and it just raised another $190 million

    The AI networking startup has now raised $500 million in under 18 months as investors bet the next infrastructure giant will emerge from the race to connect the world's AI chips.