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Upstage raises $381m in a Series C round, backed by key investors like Korea Development Bank, aiming to enhance its insurtech offerings.
PRIVATEAug 17, 2026
Amount Raised
$381 Million
Round Type
Series C
San JoseInformation TechnologySoftwareinformation technology & services
Investors
Shinhan Venture InvestmentMirae Asset Venture InvestmentIndustrial Bank Of KoreaSazze PartnersKorea Development Bank
Description
Upstage closed a $381m Series C funding round on June 3, 2026, significantly contributing to the $600m raised by insurtech startups in Asia in Q2 2026. The funding valued the company at $1b. Major investors included Korea Development Bank, Sazze Partners, and the Industrial Bank of Korea. This funding supports Upstage’s growth in the competitive insurtech sector.
Company Information
Company
Upstage
Location
3003 N 1st St
San Jose, California, United States
About
Upstage is an artificial intelligence startup based in South Korea, focusing on innovation in AI technology for various applications.
Fundz sees it the moment Upstage raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
San JoseInformation TechnologySoftwareinformation technology & services