Company intelligence
As of June 22, 2026, Upscale AI was last valued at $2B (June 2026 Series A-1 (extension)) and has raised at least $190M in equity across 1 sourced funding round.
Upscale AI builds full-stack AI networking infrastructure — silicon, systems, and software — to connect accelerators, memory, and storage into a high-performance fabric for large-scale AI training and inference.
Upscale AI is a Santa Clara-based networking company that builds the backend networks connecting GPUs and other AI accelerators for hyperscalers and neoclouds.[1] The company was incubated by Auradine, a blockchain and AI compute infrastructure company.[2] Upscale builds hardware on two tracks: scale-up networking inside a cluster and scale-out networking across nodes.[1] It is developing its own scale-up switch chip, code-named Skyhammer.[1] It has also partnered with Nvidia on Spectrum-X Ethernet for its scale-out systems.[1] In October 2026 it introduced Token Fabric, an architecture that ties its silicon, systems and software together.[3],[1] The company said it would use the capital to expand and to speed delivery of its networking technology.[4]
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Upscale AI is an AI infra company, based in Santa Clara, California, USA, founded 2025 by Barun Kar, Rajiv Khemani.
| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Jun 22, 2026 | Series A-1 (extension) | $190M | $2Bpost-money | Fortune |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Upscale came out of stealth in September 2025 with a seed round of over $100 million co-led by Mayfield and Maverick Silicon.[2] Tiger Global, Premji Invest and Xora Innovation led a $200 million Series A in January 2026.[4] In June 2026 Premji Invest led a $190 million Series A-1 extension at a $2 billion valuation, bringing total funding to $500 million.[1]
Upscale AI raised a $190 million Series A extension led by Premji Invest, taking its total Series A to roughly $500 million and its valuation to $2 billion. The company builds AI networking infrastructure -- the high-speed fabric that connects GPUs inside data centers -- positioning it in one of the hottest and most capital-intensive corners of the AI buildout.
AI networking startup Upscale AI raised a $190 million Series A extension led by Premji Invest at a $2 billion valuation, bringing total financing to roughly $500 million. The company builds the high-speed networking fabric that links thousands of AI accelerators into coherent clusters -- an increasingly critical and capital-hungry layer as model training and inference scale.
Upscale came out of stealth in September 2025 with a seed round of over $100 million co-led by Mayfield and Maverick Silicon.[2]
Upscale AI was founded by Barun Kar, its CEO, and Rajiv Khemani, its executive chairman, whose earlier ventures include Palo Alto Networks, Innovium and Cavium.[2]
Upscale AI is a Santa Clara-based networking company that builds the backend networks connecting GPUs and other AI accelerators for hyperscalers and neoclouds.[1]
Upscale AI was last valued at $2B in its June 2026 Series A-1 (extension), according to Fortune (June 22, 2026).
Upscale AI has raised at least $190M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $190M Series A-1 (extension) in June 2026 at a $2B post-money valuation, reported by Fortune. Debt financing, tender offers and secondary sales are not counted. Fortune puts total funding at $500M (June 2026).
Upscale AI was founded in 2025 and is headquartered in Santa Clara, California, USA, according to Fortune.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.
