The Money TrailJune 22, 2026via SiliconAngle
AI networking provider Upscale AI raises $190M at $2B valuation
Why it matters
Upscale AI's $2B valuation and $190M raise (extending its Series A) signals investor conviction in specialized networking infrastructure as a critical bottleneck for AI compute scaling. With NVIDIA and Salesforce Ventures backing the round, this reflects a shift in capital allocation toward the data center plumbing layer.
Key signals
- Upscale AI raises $190M (Series A extension)
- Post-money valuation: $2B
- Original Series A: $200M (closed January 2026)
- Lead investor: Premji Invest
- Participants: NVIDIA, Salesforce Ventures, Seligman (partial list)
- Focus: Data center networking for AI infrastructure
The hook
$190M. That's what Upscale AI just raised to dominate AI data center networking—at a $2B valuation.
Data center networking startup Upscale AI Inc. today announced that it has raised $190 million in fresh funding. The capital was provided as an extension to a $200 million Series A round that the company first closed in January. The new raise was led by Premji Invest with participation from Nvidia Corp., Salesforce Ventures, Seligman […]