Upstage’s $72M Series B Funding Marks Milestone in AI Innovation
Upstage Co., Ltd., the South Korean AI powerhouse, is making waves in the tech world once again. With a recent $72 million injection in its Series B funding round, the company’s total investment now exceeds $100 million, solidifying its position as a trailblazer in AI software development.
Led by CEO Sung Kim, Upstage is on a mission to revolutionize work efficiency with its cutting-edge AI solutions. Their flagship product, Solar LLM, has garnered praise for its lightning-fast performance and unmatched cost-efficiency. By leveraging Depth-Up Scaling (DUS) technology, Solar delivers GPT-4-level performance, catering to the diverse needs of businesses across various industries.
But Upstage isn’t stopping there. The company’s Document AI solution, powered by state-of-the-art OCR technology, is transforming document processing for high-growth sectors like finance and healthcare. With clients including industry giants like Samsung and Hanwha, Upstage’s Document AI is streamlining workflows and reducing operational costs for businesses worldwide.
The Series B funding will fuel Upstage’s ambitious plans for global expansion, including the establishment of a new office in San Jose, California. This strategic move will enable Upstage to accelerate the development of purpose-trained LLMs tailored to the needs of global enterprises.
Leading the investment round are prominent backers such as SK Networks, KT, and Korea Development Bank, reaffirming their confidence in Upstage’s vision and capabilities. Existing investors, including SBVA and Primer Sazze Partners, have also doubled down on their support, recognizing Upstage’s potential to reshape the future of AI.
Founded in 2020, Upstage is committed to enhancing work efficiency through industry-leading document processing engines and LLMs. With Solar LLM and Document AI at the forefront of innovation, Upstage is poised to lead the AI revolution, one breakthrough at a time.
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