Tags: fundraising

AI infrastructure startup Upscale AI is reportedly in talks to raise between $180 million and $200 million, a move that would lift its valuation to roughly $2 billion. The company, founded just seven months ago, has already secured a $200 million Series A and a $100 million seed round, attracting investors such as Tiger Global Management, Xora Innovation and Premji Invest. Although Upscale AI has yet to launch a product, it is focusing on custom AI chips and the surrounding infrastructure, betting on a full‑stack, open‑standard approach to meet growing demand for scalable AI hardware. Read more

Sequoia Capital announced a $7 billion raise for a fresh fund aimed at late‑stage investments in artificial‑intelligence companies across the United States and Europe. The capital, nearly double the size of the firm’s 2022 vehicle, underpins Sequoia’s “expansion strategy” under its newly appointed co‑stewards Alfred Lin and Pat Grady. Backing already includes OpenAI, Anthropic and a slate of emerging AI startups, positioning the Silicon Valley stalwart to ride the rapid scaling of AI‑driven businesses. Read more