TLDR: Upstage, a leading AI company, has successfully closed a $45 million Series B Bridge funding round, bringing its total capital raised to $157 million. The investment, backed by Korea Development Bank (KDB), Amazon, and AMD, will fuel the development of its next-generation Solar language model, enhance document AI products, and accelerate global market expansion, particularly in the U.S. and APAC regions. The funding underscores Upstage’s commitment to delivering secure and efficient generative AI solutions for regulated industries and large enterprises.
SAN JOSE, Calif. – Upstage, a prominent artificial intelligence firm specializing in enterprise-grade generative AI solutions, announced on August 20, 2025, the successful completion of a $45 million Series B Bridge funding round. This latest capital injection elevates the company’s total funding to an impressive $157 million, building upon its $72 million Series B round secured in 2024.
The funding round saw significant participation from key investors including Korea Development Bank (KDB), Amazon, and AMD, signaling strong confidence in Upstage’s strategic vision and technological prowess. The newly acquired capital is earmarked for several critical initiatives designed to accelerate Upstage’s growth and market penetration.
A primary focus of the investment is the continued development and enhancement of Upstage’s next-generation Solar language model. This includes advancing research and development efforts to expand Solar’s capabilities and broaden its enterprise use cases, such as sophisticated document parsing, agentic task execution, and workflow automation. Upstage aims to solidify Solar’s position as a leading foundation model, building on its past achievements where it has outperformed models like GPT-3.5 in benchmark tests.
Furthermore, the funding will be instrumental in advancing Upstage’s document AI products and facilitating its go-to-market expansion, particularly across the United States and the Asia-Pacific (APAC) region. The company is strategically targeting regulated industries, with insurance identified as its initial major global vertical. Upstage’s Document Intelligence suite, featuring Document Parse, is designed to tackle significant inefficiencies in areas like claims processing and broker submissions, which are often burdened by manual, paper-heavy operations.
Upstage has also forged a strategic collaboration with Amazon Web Services (AWS), its preferred cloud provider. This partnership leverages AWS’s machine learning infrastructure, including SageMaker and AWS-designed silicon like AWS Trainium and Inferentia, to build and deploy Upstage’s foundation models and expand access to its generative AI technology.
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The company’s enterprise solutions are already being adopted by Fortune 500 companies, including Samsung, and are widely utilized by Korean insurance companies, as well as various public sector and government institutions. Upstage’s recent inclusion in the prestigious CB Insights AI 100 list further underscores its growing traction and influence in global AI markets. The Series B bridge funding will also support the expansion of sales and marketing teams to drive continued international growth.
