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Upstage

Seoul, CA · Founded 2020 · In IPO Registration

Developer of a large language model platform designed to transform workflows. Upstage is based in Seoul, CA and was founded in 2020. Its last reported valuation was $296 million in Apr 2024. It has raised $281 million.

Last reported valuation
$295.9M
Oct 2026
Priced at
—
Total raised
$280.7M
Last round
—

Upstage key facts

as of Oct 2026
  • Developer of a large language model platform designed to transform workflows.
  • Upstage is valued at approximately $295.9M as of Oct 2026 (last reported valuation).
  • It has raised $280.7M; the latest was IPO in Dec 2025.
  • Notable investors include Korea Development Bank, Shinhan Venture Investment, InsurTech NY, InterVest, Hana Ventures — 29 tracked in total.
  • 1 investment vehicle was formed to buy Upstage shares in the last 12 months, per SEC Form D filings.
  • Status: In IPO Registration.
Last reported valuation
LOW confidence
$295.9M

Upstage's last reported valuation, Apr 2024. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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Upstage funding rounds

No rounds on record

No funding rounds for Upstage are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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Vehicles formed to buy Upstage shares

secondary demand · SEC Form D filings

In the last 12 months, 1 investment vehicle were formed to buy Upstage shares. Most recent filing Mar 2026.

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Upstage valuation

Upstage's last reported valuation was $296 million in Apr 2024. No priced round, secondary trade or fund mark has surfaced since.

Institutional holders and vehicles

In the last 12 months, 1 investment vehicle was formed to buy Upstage shares, per SEC Form D filings (most recent Mar 2026).

Upstage investors

29 investors are on record for Upstage, including Korea Development Bank, Shinhan Venture Investment, InsurTech NY and InterVest. By type, the record holds 5 venture capital firms and 1 asset manager.

About Upstage

Developer of a large language model platform designed to transform workflows. The company's platform uses advanced artificial intelligence technologies for information extraction, fact-checking, enterprise search, and document generation, streamlining the resources required for AI technology development and maintenance, enabling businesses to achieve operational efficiency and cost savings.

Sector
Information Technology
HQ
Seoul, CA, South Korea
Founded
2020
Employees
170
Ownership
In IPO Registration

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