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AI & Enterprise

UpscaleAI raises $190 million to speed development of AI switch chip

Datacenter networking startup UpscaleAI has raised an additional $190 million in funding, SiliconANGLE reported on June 22. The round was led by Premji Invest, with participation from Nvidia, Salesforce Ventures, Seligman Ventures and Temasek. UpscaleAI is developing scale-up and scale-out switches optimized for AI workloads. It is focusing on its in-house Skyhammer chip to address delays caused by slow data exchanges between GPUs.

AI & Enterprise

Upscale AI raises $200 million to develop AI network scaling chip

AI networking chip developer Upscale AI has raised $200 million, SiliconANGLE reported on Tuesday. The round was led by Tiger Global, Premji Invest and Zora Innovation, with participation from the venture capital arms of Intel and Qualcomm. Upscale AI\'s cumulative funding has topped $300 million. The company is developing SkyHammer, a networking chip designed to optimise connections within racks in AI clusters and provide deterministic latency and real-time telemetry.