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

"Upscale AI is reportedly in talks to nab its third funding round since launching just seven months ago, aiming to raise around $180 million to $200 million."

"The company announced a $200 million Series A in January and a $100 million seed round in September, when it first launched."

"Notably, Upscale AI has yet to release a product, but it focuses on building custom chips and the infrastructure to enable them to communicate effectively."

"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."

Upscale AI is in discussions for a third funding round, targeting $180 million to $200 million, which would value the company at approximately $2 billion. The company previously raised $200 million in a Series A round and $100 million in a seed round. Despite not having released a product yet, Upscale AI focuses on developing custom chips and infrastructure for effective communication. The company aims for a full-stack solution and open standards in scalable AI infrastructure.

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