Upstage News
Latest news, updates, and announcements from Upstage.
Upstage acquires AI agent platform Timely to expand into consumer market
Upstage acquires AI agent platform Timely to expand into consumer market Korean AI company Upstage (업스테이지) has acquired Timely, an AI agent platform startup, in a move to broaden its reach beyond ente...
**Upstage Secures 560 Billion Won Ahead of Sovereign AI Model Selection**
**Upstage Secures 560 Billion Won Ahead of Sovereign AI Model Selection** Upstage, a leading South Korean AI startup behind the Solar LLM, has raised approximately 560 billion won (~$420 million) thro...
Upstage hires SBVA CFO Jin Yoon-jung amid IPO preparation, triggering LP penalty risk for VC
Upstage hires SBVA CFO Jin Yoon-jung amid IPO preparation, triggering LP penalty risk for VC AI startup Upstage (업스테이지) has hired Jin Yoon-jung, former managing director and CFO at SBVA (formerly Soft...
Upstage completes acquisition of Kakao-backed Daum operator AXZ
Upstage completes acquisition of Kakao-backed Daum operator AXZ South Korean AI startup Upstage has completed its acquisition of AXZ, the operator of the internet portal Daum, with Kakao as a key inve...
Upstage, a South Korean foundation model company, has secured 560 billion won (~$450M) in direct inv...
Upstage, a South Korean foundation model company, has secured 560 billion won (~$450M) in direct investment from the National Growth Fund (국민성장펀드) to develop sovereign AI capabilities. The investment,...
Upstage (업스테이지) has been selected as the first direct investment target in the AI model segment of K...
Upstage (업스테이지) has been selected as the first direct investment target in the AI model segment of Korea's National Growth Fund (KGF), securing 560 billion won (~$409 million). The deal includes 100 b...
South Korea approves $381M state investment in AI startup Upstage
South Korea approves $381M state investment in AI startup Upstage South Korea's Financial Services Commission approved a 560 billion-won ($380.6 million) investment in Upstage, a domestic AI unicorn v...
Upstage secures 560 billion won investment to accelerate Korean-language AI models
Upstage secures 560 billion won investment to accelerate Korean-language AI models South Korean AI foundation model developer Upstage (업스테이지) has secured approximately 560 billion won (~$425 million)...
Upstage closed a ₩180 billion Series C, pushing its valuation above ₩1 trillion and making it South...
Upstage closed a ₩180 billion Series C, pushing its valuation above ₩1 trillion and making it South Korea's first generative AI unicorn. The round, led by Saje Partners with new strategic investors Hy...
Upstage has become South Koreas first generative AI unicorn in 2026, reaching a valuation up to 4 tr...
Upstage has become South Koreas first generative AI unicorn in 2026, reaching a valuation up to 4 trillion KRW. This success stems from their Solar LLM, which recently outranked GPT-4.1 in global perf...
Upstage is finalizing the acquisition of the portal Daum via a 200 billion won stock swap with Kakao...
Upstage is finalizing the acquisition of the portal Daum via a 200 billion won stock swap with Kakao subsidiary AXZ. 🇰🇷 This represents a systemic shift where an AI startup absorbs a legacy internet...
Upstage is targeting a KRW 3 trillion valuation for its upcoming IPO, having appointed KB and Mirae...
Upstage is targeting a KRW 3 trillion valuation for its upcoming IPO, having appointed KB and Mirae Asset as lead underwriters. The company recorded KRW 17 billion in revenue for the first half of 202...