Upscale AI in talks to raise at $2B valuation, says report

The first StrictlyVC of 2026 hits San Francisco. Tickets are going fast. Register now. Save up to $680 on your Disrupt 2026 pass. Ends 11:59 p.m. PT tonight. REGISTER NOW. TechCrunch Desktop Logo TechCrunch Mobile Logo LatestStartupsVentureAppleSecurityAIApps EventsPodcastsNewsletters SearchSubmit Site Search Toggle Mega Menu Toggle Topics Latest 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. StrictlyVC kicks off the year in SF. Get in the room for unfiltered fireside chats with industry leaders, insider VC insights, and high-value connections that actually move the needle. Tickets are limited. Newsletters See More Subscribe for the industry’s biggest tech news Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility is your destination for transportation news and insight. Startups are the core of TechCrunch, so get our best coverage delivered weekly. Provides movers and shakers with the info they need to start their day. By submitting your email, you agree to our Terms and Privacy Notice. Upscale AI in talks to raise at $2B valuation, says report Dominic-Madori Davis 14 seconds ago In Brief Accel raises $5B to back late-stage bets Dominic-Madori Davis 1 day ago In Brief Anthropic shrugs off VC funding offers valuing it at $800B+, for now Julie Bort 1 day ago X LinkedIn Facebook Instagram youTube Mastodon Threads Bluesky TechCrunchStaffContact UsAdvertiseCrunchboard JobsSite Map Terms of ServicePrivacy PolicyRSS Terms of UseCode of Conduct OpenAIIranGas PricesTeslaAppleTech LayoffsChatGPT © 2026 TechCrunch Media LLC.