Upstage Raises $72M Series B to Advance Enterprise AI Solutions and Global Deployment
Upstage is an AI company that enhances work efficiency through advanced AI solutions, focusing on LLMs and Document AI to streamline enterprise operations.
Company Name: Upstage
Location: San Jose, CA
Sector: AI, specializing in Large Language Models (LLMs) and Document AI
Funding Details: Raised $72M in Series B funding. The investment was supported by SK Networks, KT, Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, Industrial Bank of Korea, and existing investors such as SBVA (formerly SoftBank Ventures Asia), Primer Sazze Partners, Company K Partners, and Premier Partners.
Purpose of Investment: To accelerate the development of purpose-trained Large Language Models (LLMs) tailored for global enterprises.
Leadership: Led by CEO Sung Kim
This funding will help us build the world’s best generative AI model and deliver the ultimate ‘AGI for work’ solution to businesses worldwide. - Sung Kim
Product: Offers Solar LLM, a document processing engine and GPT-4-level LLM that delivers high performance with speed and cost-efficiency. Upstage’s Document AI solution employs AI-powered OCR to automate workflows and manage unstructured data.
About Company: Upstage is an AI company that enhances work efficiency through advanced AI solutions, focusing on LLMs and Document AI to streamline enterprise operations.
