Upscale AI, an AI infrastructure company focused on custom chips, is in talks to raise $180–200 million in a Series B at a $2 billion valuation. The round follows a $200 million Series A in January and a $100 million seed round at launch seven months ago. Investors include Tiger Global Management, Xora Innovation, and Premji Invest; notably, the company has not yet released a product.
Infrastructure
Upscale AI in talks to raise at $2B valuation, says report
Pre-product AI chip startup Upscale AI secures $180M Series B at $2B valuation, reflecting investor rush for custom silicon infrastructure.
Thursday, April 16, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
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