AI infrastructure company Luxury AI It is reportedly in talks to raise its third round of funding since launching just seven months ago. according to Bloomberg.
This latest round, which aims to raise between $180 and $200 million, would value the company at around $2 billion. The company announced a $200 million Series A in January and a $100 million seed round in September, when it was first released. The company’s investors include Tiger Global Management, Xora Innovation and Premji Invest.
Notably, Upscale AI has yet to release a product. However, it is said to focus on building custom chips and the infrastructure that allows them to communicate effectively. The company is committed to a complete solution and open standards as the future of scalable AI infrastructure.
Rumored valuation and rise are part of the startup playbook in this age of AI, where companies grow rapidly, valuations grow faster, but the hope for the next big thing trumps all.
