NEWCaplight raises a $16M Series A, led by BlackRock and Fin Capital →
Skip to main content
Caplight Logo









Upstage

Upstage

Private
Seongnam-siAI, Data & Cloud Infrastructurehttps://www.upstage.ai/

Last Round

Strategic

May 3, 2026

Est. Valuation

$1.3B

Total Funding Raised

$561.6M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Upstage is an artificial intelligence company that provides enterprise-grade generative AI solutions, including its 'Solar' large language model and Document AI products.

Sector

AI, Data & Cloud Infrastructure

Verticals

NLP & Conversational AI, ML Platforms, Document Management, Workflow Automation, Computer Vision

Business Model

B2B

Customer Profile

Usage-Based SaaS, Services & Consulting, Government Contracts, Freemium

AI Layer

Foundation

Keywords

large language modelDocument AISolar LLMfoundation modelenterprise AIfrontier AI labunstructured data processingAI-powered OCRfull-stack AIintelligent document processingsovereign AIdocument extractionAI foundryworkflow automationLLM APIon-premises AIfine-tuning toolsAI for insurance

Historical Pricing

Historical view of private secondary pricing and transaction trends.

Unlock Pricing Charts

Sign up to view complete historical pricing and secondary transactions.

Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

View Momentum History

Track how buyer interest and sentiment changes over time.

Upstage Comps

Public and private peers based on sector, stage, and business model.

Upstage comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

View Full Comps Set

Access detailed peer comparisons, multiples, and valuation benchmarks.

Upstage Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicMay 3, 2026
Series B ExtensionAug 20, 2025
Series BApr 16, 2024
Series ASep 21, 2021
SeedFeb 1, 2021

Key People

Founding team and executive leadership

Lucy Park

Chief Product Officer, US CEO

Executive Team

Sung Kim

Co-Founder, CEO

Founding Team

Hwalsuk Lee

Chief Technology Officer

Executive Team

Upstage Investors

Notable investors and investment history

Upstage investors
InvestorRounds
Hana VenturesSeries B
InterVestStrategic, Series B Extension
Shinhan Venture InvestmentStrategic, Series B Extension, Series B
TBT PartnersSeries A
Shinhan Financial GroupSeries B
Premier PartnersStrategic, Series A, Series B Extension, Series B
SBVASeries B, Seed, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 3, 2026

    $126M round raised

  • Mar 30, 2026

    Collaborating with AWS, Intel, Snowflake, and Azure on joint campaigns.

Upstage Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation
Sign Up to view
Mock Valuation

Upstage Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Upstage's valuation, stock price, and market status.

Firmographic Details

HeadquartersSeongnam-si
Employee Range243
Year Founded2020
Last FundingMay 3, 2026

Institutional Data Access

Join leading institutional investors using Caplight to access private market data, discover pricing, and execute secondary block trades.

Requires verified institutional or accredited status.