Nvidia plans to invest in South Korean AI developer Upstage’s ongoing Series C, a deal that would put it alongside existing backers Amazon and AMD. Nvidia announced the plan on November 9, while DigitalToday, citing Upstage, identified it as part of the round’s second tranche. The investment amount was not disclosed.
Upstage builds Solar language models and document-processing software for businesses. In March, it announced an AMD partnership to begin deploying Instinct MI355 GPUs for those products under a roadmap spanning the following year.
Upstage completed a roughly $126 million first tranche in April, according to contemporaneous reporting by Seoul Economic Daily. The company says Series C proceeds will support model development, hiring and expansion in the United States and Japan, DigitalToday reported.
In its October Studio launch, Upstage described software that checks information across documents. Procurement teams can compare supplier invoices with contracts and purchase orders and send flagged items for human review.
In that announcement, Upstage said Amwins Group Benefits had cut invoice-processing time from a maximum of two hours to less than five minutes, handling over 80 formats used by insurance carriers.