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AI infrastructure startup Upscale AI completes $190 million financing at a valuation of $2 billion, led by Premji Invest, with participation from Nvidia and others

According to Techstartups, AI infrastructure startup Upscale AI announced the completion of a new round of financing totaling $190 million, with investors including NVIDIA and Salesforce Ventures. After this round of financing, the company's valuation reached $2 billion.This round of financing is part of its Series A extension, bringing Upscale AI's total financing to $500 million, led by Premji Invest, with new investors such as Temasek and Seligman Ventures participating, while existing shareholders including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global continue to invest.Upscale AI focuses on building network infrastructure for large-scale AI clusters, attempting to solve the "computing power interconnection bottleneck" problem in AI training and inference. The company is developing a full-stack AI network architecture covering chips, systems, and software, aiming to create an open standard network interconnection solution suitable for large-scale AI workloads.The company stated that as the scale of AI clusters continues to expand, network performance is becoming a key limiting factor affecting GPU utilization and training efficiency. Inefficient interconnection can directly lead to wasted computing power and increased training costs. Currently, Upscale AI has begun collaborations with several hyperscale cloud providers and "new cloud" infrastructure providers for evaluation and deployment, but has not disclosed specific client information.Analysts point out that investment in AI infrastructure is spreading from the model layer to the underlying hardware and network layers, with network interconnection becoming one of the most关注的 key infrastructure tracks following GPUs.

WasabiCard has completed nearly $10 million in Pre-A round financing, with participation from well-known institutions such as Vernal Capital and Avenir Group

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.
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