
Upstage
Founded Year
2020Stage
Series B - IV | AliveTotal Raised
$143.75MLast Raised
$45M | 1 mo agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+100 points in the past 30 days
About Upstage
Upstage focuses on artificial intelligence (AI), particularly in the development of large language models and document processing engines for business sectors. The company provides AI solutions that automate tasks including insurance claims processing, finance analysis, healthcare data management, and legal document handling. Upstage serves sectors such as insurance, finance, healthcare, and legal industries with its AI technologies. It was founded in 2020 and is based in Gyeonggi-do, South Korea.
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ESPs containing Upstage
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The LLM data preparation platforms market provides tools that transform unstructured documents into structured, machine-readable formats optimized for large language models. These platforms handle document parsing, chunking, embedding, and enrichment to prepare data for RAG pipelines and other LLM applications. Solutions include APIs, SDKs, and frameworks that process various file types including …
Upstage named as Highflier among 4 other companies, including Unstructured, LlamaIndex, and Reducto.
Upstage's Products & Differentiators
Solar LLM
Upstage’s flagship multilingual large language model (LLM) built for real-world enterprise use.
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Research containing Upstage
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Upstage in 5 CB Insights research briefs, most recently on Sep 5, 2025.

Sep 5, 2025 report
Book of Scouting Reports: The AI Agent Tech Stack
May 16, 2025 report
Book of Scouting Reports: 2025’s AI 100
Apr 24, 2025 report
AI 100: The most promising artificial intelligence startups of 2025
Mar 25, 2025 report
Book of Scouting Reports: InsurTech NY’s 2025 Spring ConferenceExpert Collections containing Upstage
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Upstage is included in 7 Expert Collections, including Insurtech.
Insurtech
4,599 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
12,998 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Fintech
14,155 items
Excludes US-based companies
Generative AI
2,826 items
Companies working on generative AI applications and infrastructure.
InsurTech NY — Spring Conference 2025
124 items
Sponsors, speaker companies, and startup competition finalists as of 3.19.25
AI 100 (2025)
100 items
Latest Upstage News
Sep 14, 2025
Global recognition of Korean AI startups is far more than just prestige. The recognition signals the country’s growing foothold in the infrastructure behind next-generation AI agents. When CB Insights highlighted Dnotitia, VESSL AI, and Upstage among 135 promising global companies, the venture capital database validated Korea’s potential to shape critical technologies in an industry dominated by hyperscalers. And it also carries ecosystem-level significance for global investors, innovators, and even policymakers. CB Insights Highlights Korean AI Startups in Global Report: Dnotitia, VESSL AI, and Upstage On September 12, industry sources confirmed that CB Insights , a leading global market intelligence firm, selected 135 private AI companies worldwide for their technological competitiveness and growth potential. From Korea, Dnotitia, VESSL AI, and Upstage were included in the report, Promising Companies Building the AI Agent Technology Stack . The evaluation combined quantitative indicators and the firm’s proprietary Mosaic Score, which assesses financial health, product innovation, market response, and fundraising activity. The AI Agent Technology Stack and Global Context from CB Insights CB Insights grouped companies according to the “AI Agent Technology Stack,” identifying core infrastructure and data technologies essential for scaling AI agents. Upstage was recognized in the LLM Data Preparation Platform field within the “Context” category. This area focuses on enabling AI agents to maintain, search, and utilize structured data and embeddings. Dnotitia was selected in the Vector Database field, which underpins semantic search — a core requirement for AI agents to understand user intent and respond with contextual accuracy. VESSL AI was named in the Model Deployment and Serving field of “AI Foundation Models and Infrastructure,” covering the computing, hosting, and inference systems required to operationalize large language models (LLMs). CB Insights also projected that the future of AI infrastructure will hinge on efficient computing, intelligent orchestration, and developer-friendly abstraction. Platforms integrating these features are expected to build differentiated competitiveness against hyperscaler-dominated market structures. How Korean Startups Are Positioned in the AI Agent Stack While the CB Insights report itself did not include direct commentary from the companies, industry coverage emphasized each startup’s positioning: Upstage has been the only startup included in the Korean government’s “Independent AI Foundation Model” project, strengthening its reputation as a critical contributor to national AI strategy. The company also secured a 62 billion KRW (approx. USD 45 million) Series B round with participation from Amazon and AMD, reinforcing its global expansion capability. Dnotitia earned recognition for delivering competitive solutions in search precision and scalability within vector databases, a space considered essential for enterprise-grade AI agent deployment. VESSL AI was mentioned alongside U.S.-based Databricks and Modal as a global peer in model deployment, signaling that Korean players are beginning to compete in the same arena as well-established international platforms. Implications for Korea’s Startup Ecosystem and Global Expansion Now, this prominent recognition carries layers of significance for the startup ecosystem in South Korea: Validation of Global Competitiveness Being listed by CB Insights places Korean startups in direct comparison with leading global peers, an important step for international credibility. Strategic Positioning in AI Infrastructure The companies represent distinct layers of the AI agent stack: data preparation (Upstage), semantic retrieval (Dnotitia), and deployment infrastructure (VESSL AI). This diversity reflects ecosystem maturity, not just isolated success. Alignment with Policy Priorities Korea has been advancing programs to reduce reliance on foreign AI models and infrastructure. Upstage’s inclusion in the government’s independent foundation model project exemplifies how startups are bridging national policy and global competition. Implications for Cross-Border Investors For venture capitalists and corporates tracking AI infrastructure startups, the report provides signal clarity: Korea is not merely adopting AI but actively building the stack that powers AI agents. Strategic Outlook for Korea in the Global AI Infrastructure Race Finally, the inclusion of Dnotitia, VESSL AI, and Upstage in CB Insights’ global report also becomes a marker of Korea’s growing relevance in the AI infrastructure race. As hyperscalers continue to dominate global markets, Korea’s startups are carving niches in precision databases, scalable deployment, and data preparation platforms. For global founders, investors, and policymakers, this signals a window of opportunity: Korea is positioning itself not only as a fast adopter of AI but as a builder of critical technologies shaping the future of AI agents worldwide. – Stay Ahead in Korea’s Startup Scene – Get real-time insights, funding updates, and policy shifts shaping Korea’s innovation ecosystem.
Upstage Frequently Asked Questions (FAQ)
When was Upstage founded?
Upstage was founded in 2020.
Where is Upstage's headquarters?
Upstage's headquarters is located at 338, Gwanggyojungang-ro, Suji-gu, Yongin-si, Gyeonggi-do.
What is Upstage's latest funding round?
Upstage's latest funding round is Series B - IV.
How much did Upstage raise?
Upstage raised a total of $143.75M.
Who are the investors of Upstage?
Investors of Upstage include Korea Development Bank, Amazon, AMD Ventures, Hana 1Q Agile Lab Program, SK networks and 17 more.
Who are Upstage's competitors?
Competitors of Upstage include Cohere, LlamaIndex, LightOn, Aleph Alpha, Writer and 7 more.
What products does Upstage offer?
Upstage's products include Solar LLM and 2 more.
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Compare Upstage to Competitors

Cohere operates as an enterprise artificial intelligence (AI) company building foundation models and AI products across various sectors. The company offers a platform that provides multilingual models, retrieval systems, and agents to address business problems while ensuring data security and privacy. Cohere serves financial services, healthcare, manufacturing, energy, and the public sector. It was founded in 2019 and is based in Toronto, Canada.

AI21 Labs develops artificial intelligence systems and foundation models within the technology sector. The company offers generative AI solutions for enterprise workflows, including products like the engine for conversational AI and deployment options. It serves sectors that require AI integration, including financial technology, research, and business operations. It was founded in 2017 and is based in Tel-Aviv, Israel.

Contextual AI focuses on retrieval-augmented generation (RAG) in the artificial intelligence (AI) sector. The company provides a platform that allows enterprises to create RAG agents aimed at improving productivity in expert knowledge work. Contextual AI serves Fortune 500 companies, offering solutions for subject-matter experts. It was founded in 2023 and is based in Mountain View, California.

Writer is a full-stack generative AI platform focused on the development of AI applications and agents for various business sectors. The company provides tools for building, activating, and supervising AI agents, using its family of LLMs and knowledge graph technology. Writer's solutions serve enterprises in industries such as financial services, healthcare, retail, and technology, aiming to improve operational efficiency and decision-making processes. Writer was formerly known as Qordoba. It was founded in 2020 and is based in San Francisco, California.

One AI specializes in generative artificial intelligence (AI) within the technology sector. The company offers services such as language analytics, customizable AI skills, and the processing of text, audio, and video data into structured, actionable insights. It primarily serves sectors such as customer service, e-commerce, media, healthcare, and government. It was founded in 2021 and is based in San Francisco, California.

Distyl AI focuses on the development and deployment of artificial intelligence systems for large enterprises across various sectors. The company provides solutions that integrate into existing workflows and enterprise systems, targeting sectors such as telecom, healthcare, manufacturing, insurance, and retail. It was founded in 2022 and is based in San Francisco, California.
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