AI BriefingUpstage Secures Series B Investment
Key point
Upstage raised $72 million in Series B funding, surpassing $100 million in cumulative funding.
Details
Upstage has secured $72 million in Series B funding. Including this round, the company's cumulative funding since its founding in October 2020 has reached over $100 million, making it the Korean AI software company with the most capital raised.
The company is accelerating global expansion led by Solar LLM. Solar emphasizes fast performance and high cost efficiency through its proprietary Depth-Up Scaling (DUS) technology, and supports both on-premise deployment and API integration. It is also offered through Amazon SageMaker JumpStart, positioned as a lighter and more accessible alternative to large-scale models.
The Document AI business was also presented as a key growth pillar. Built on top-tier OCR technology, it has secured demand in finance and healthcare, with Samsung and Hanwha mentioned as clients. The raised capital will be used for developing purpose-specific LLMs for global enterprises and expanding a new office in San Jose, U.S.
This round included participation from SK Networks, KT, Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, and Industrial Bank of Korea. Existing investors SBVA, Primer Sazze Partners, Company K Partners, and Premier Partners also participated.
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