AI infrastructure company Upscale AI is reportedly in talks for its third funding round, less than a year after its launch. The reported aim is to raise $180 million to $200 million at a valuation of around $2 billion. This follows previous funding rounds of $200 million in January and $100 million at launch in September, with investors such as Tiger Global Management and Premji Invest. Despite having no product yet, Upscale AI is focused on building custom chips and the communication infrastructure for them, betting on a full-stack, open-standards approach for scalable AI. The company's significant valuation and funding raise are characteristic of the current AI startup landscape, where rapid growth and investor enthusiasm often outpace product development.

AI infrastructure company Upscale AI is reportedly in talks for its third funding round, less than a year after its launch. The reported aim is to raise $180 million to $200 million at a valuation of around $2 billion. This follows previous funding rounds of $200 million in January and $100 million at launch in September, with investors such as Tiger Global Management and Premji Invest. Despite having no product yet, Upscale AI is focused on building custom chips and the communication infrastructure for them, betting on a full-stack, open-standards approach for scalable AI. The company's significant valuation and funding raise are characteristic of the current AI startup landscape, where rapid growth and investor enthusiasm often outpace product development.