Upscale AI in talks to raise $2B valuation, report says

AI Infrastructure Company Advanced AI is said to be in talks to raise its third round of funding since launching seven months ago, according to Bloomberg.

This latest round – which aims to raise about $180 million to $200 million – would cost the company about $2 billion. The company announced a Series A of $200 million in January and $100 million seed round in September, when it was first launched. Investors in the company include Tiger Global Management, Xora Innovation, and Premji Invest.

In particular, Upscale AI has not released a product yet. However, it is said to be focused on building our favorite chips and architecture for better connectivity. The company is betting on a path full of open standards as the future of AI architecture.

Accounting and scaling up is part of the book of startups in the age of AI, as companies grow faster, accounting grows faster, but the prospect of the next big thing trumps all.