Source: Business Insider
Summary
Upscale AI, an AI infrastructure company, is reportedly in talks to raise its third funding round since its launch seven months ago. The company has already raised $10 million in seed funding and $20 million in series A funding. The new funding round is expected to be larger than the previous two. Upscale AI’s valuation is expected to increase significantly with the new funding. The company’s founders declined to comment on the funding talks.
Our Reading
The launch follows a familiar script.
Upscale AI is raising its third funding round in just seven months. Because what’s a few months of traction when you can have a few million more dollars? The company’s valuation is expected to increase significantly, because that’s what happens when you add more zeros to the funding amount. Upscale AI’s founders are staying mum on the funding talks, probably because they’re too busy counting their future millions. This is what we call “growth” in the tech world.
Author: Evan Null
