Upscale AI aims for a valuation of $2 billion in its next funding round.

Upscale AI, a company focused on artificial intelligence infrastructure, is preparing for its third funding round with a valuation of $2 billion, despite having no products released.

Upscale AI, which develops infrastructure for artificial intelligence, is discussing a third funding round aimed at raising between $180 and $200 million. The expected valuation of the company during the new round is around $2 billion, according to Bloomberg.

Just seven months after its launch, Upscale AI successfully completed two funding rounds: in January, it raised $200 million in a Series A round, and in September, the company secured $100 million in a seed round. Major players such as Tiger Global Management, Xora Innovation, and Premji Invest were among the investors.

Despite significant investments, the company has yet to release any products. However, its primary focus is on creating custom chips and developing efficient infrastructure for their interaction. Upscale AI emphasizes a full stack of solutions and open standards, viewing them as the future of scalable infrastructure in the AI space.

The current funding negotiations and the anticipated valuation demonstrate trends in the startup market, where companies grow rapidly and their valuations increase even faster. Amid the booming growth of the AI sector, companies like Upscale AI continue to attract investor attention and compete for market share.

This funding round will be an important milestone for Upscale AI, signaling its intention to strengthen its market position and accelerate the development of technologies that could fundamentally change the approach to building AI infrastructure.