Upscale AI, a pure-play AI networking infrastructure company, today announced it has raised $190 million in Series A-1 financing. This latest investment brings the company's total funding to $500 million, and its current valuation to $2 billion, reflecting strong investor conviction in the AI networking market and Upscale AI's unique innovation in driving open-standards solutions for it.

The Series A-1 round was led by Premji Invest, and included funding from new investors, NVIDIA, Salesforce Ventures, Seligman Ventures, and Temasek as well as participation from existing investors, Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global.