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South Korean AI startup Upstage has successfully raised 100 billion won ($72 million) in a Series B funding round, bringing its total funding to $100 million since its inception in October 2020. The investment, which includes contributions from SK Networks and SBVA (formerly SoftBank Ventures Asia), is aimed at supporting Upstage's expansion efforts in the US, Japan, and Southeast Asia. This funding milestone makes Upstage the most-funded AI software company in South Korean history. The company plans to use the funds to make purpose-trained Large Language Models (LLMs) more accessible globally.
#solarllm I'm thrilled to announce that @upstageai has raised $72 million in Series B, bringing the total funding to $100 million. This funding will support the company's expansion in the US and Asia to make purpose-trained LLMs accessible to everyone. https://t.co/zR0PhuqAb4
🎉 Upstage is excited to announce our latest round of funding, a $72 million in a Series B! We've now raised over $100 million since our founding in October 2020, making us the most-funded AI software company in South Korean history. With this latest funding, we'll accelerate… https://t.co/dUzYS9RQNP
South Korea-based AI startup Upstage raised a $72M Series B from investors including SK Networks and SBVA, formerly known as SoftBank Ventures Asia (@yoolimleenews / Bloomberg) https://t.co/bSSMVKwmAd 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/a22NyfqyZt
