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Upstage secures KRW 180B in Series C funding, achieving unicorn status. Led by Saje Partners, the funds will expand their GPU infrastructure and scale their international presence.

PRIVATEApr 15, 2026

Amount Raised

₩180 Billion

Round Type

Series C

San JoseInformation TechnologySoftwareinformation technology & services

Investors

Ibk(industrial Bank Of Korea)Woori Venture PartnersHyundai Motor & KiaSaje PartnersPremier PartnersShinhan Venture InvestmentMirae Asset Venture InvestmentKb SecuritiesIntervestAxiom Asia

Description

Upstage, a South Korea-based generative AI company, has raised KRW 180 billion in Series C funding, achieving a valuation exceeding 1 trillion won. The round was led by Saje Partners with participation from multiple investors. The company plans to use the funds to enhance its GPU infrastructure and recruit global AI talent. Founded in 2020, Upstage focuses on developing large language models and document intelligence solutions.

Quick answer

Upstage raised ₩180 Billion in a Series C round, dated April 15, 2026. Investors: Ibk(industrial Bank Of Korea), Woori Venture Partners, Hyundai Motor & Kia, Saje Partners, Premier Partners, Shinhan Venture Investment, Mirae Asset Venture Investment and Kb Securities. Upstage is based in San Jose, California, United States.

How much did Upstage raise?
Upstage raised ₩180 Billion in a Series C round on April 15, 2026.
Who invested in Upstage?
Ibk(industrial Bank Of Korea), Woori Venture Partners, Hyundai Motor & Kia, Saje Partners, Premier Partners, Shinhan Venture Investment, Mirae Asset Venture Investment and Kb Securities are named as investors in this round.
What does Upstage do?
Upstage is an artificial intelligence startup based in South Korea, focusing on innovation in AI technology for various applications.
Where is Upstage based and how big is it?
Upstage is based in San Jose, California, United States. Fundz records about 190 employees.
Who are the decision-makers at Upstage?
Fundz holds 3 contacts at Upstage, including the EVP, Solutions & Delivery. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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.

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3 contacts
Verified contactsSam G., EVP, Solutions & Delivery hiddenSee plans and pricing
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