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AI & Enterprise

Upstage raises 180 billion won in first close of Series C round

Upstage said on April 15 it has completed the first close of a Series C funding round totaling 180 billion won. The fundraising valued the company at more than 1 trillion won. Silicon Valley-based venture capital firm Sages Partners joined as the lead investor, while Premier Partners, Shinhan Venture Investment, Mirae Asset Venture Investment, KB Securities and InterVest participated as follow-on investors. Axiom Asia, Hyundai Motor and Kia, and Woori Venture Partners joined as new investors.

AI & Enterprise

Uracle, Upstage to cooperate on enterprise AI business

Uracle said on Jan. 19 it signed a strategic memorandum of understanding with South Korean AI company Upstage and will target the enterprise AI market based on its AI operations platform AURDA. The cooperation centers on integrating AURDA with Upstage’s Solar large language model and its Document Parse document-processing solution. As part of the agreement, the Solar model will be embedded in an optimized form within AURDA.