PANews|Sep 10, 2026 04:19
[Korean AI Startup Upstage Supported by AMD Considers Launching Pre-IPO Financing]
According to Bloomberg, Hwalsuk Lee, co-founder and CTO of Korean AI startup Upstage, stated that the company is considering various capital market options, including an IPO, and is also contemplating launching a Pre-IPO funding round. The company completed a 560 billion KRW (approximately $420 million) Series C funding round this year, bringing its total funding to 730 billion KRW. It has secured collaboration and strategic investment from AMD.
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