# Upstage — Upstage Raises $72 Million in Series B Funding

- Company: Upstage (upstage.ai)
- Announced: 2024-04-16
- Category: funding-company-news
- Coverage: not counted
- Announcement: yes
- Group: announcements
- Source: https://www.upstage.ai/news/upstage-series-b-funding
- Record: https://forck.live/items/18442-upstage-raises-72-million-in-series-b-funding
- Subject: Solar Pro / Solar Mini

Upstage announced it raised $72 million in Series B funding, bringing total funding to over $100 million since its founding in October 2020. The round was led by SK Networks, KT, Korea Development Bank, and others. The company plans to use the financing to accelerate development of purpose-trained LLMs for global enterprises and expand with a new office in San Jose, California.

## Evidence

Verbatim from https://www.upstage.ai/news/upstage-series-b-funding:

> Upstage, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korean AI software company in history.

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Record: https://forck.live/items/18442-upstage-raises-72-million-in-series-b-funding
Catalogue: https://forck.live/llms.txt
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