Mayfield News
06.2026

Announcing Upscale AI’s $190M Series A-1

Excited to share that Upscale AI has raised a $190M Series A-1, bringing total funding to $500M and valuation to $2B, with investment from Premji Invest, NVIDIA, Salesforce Ventures, Temasek, and others.

We have been proud founding investors in Upscale AI right from the inception stage, and this is our third time partnering with Barun Kar and Rajiv K..

One of our core beliefs has been that the biggest opportunities in AI extend far beyond GPUs and models. Every computing era has its bottleneck. In the AI era, networking is becoming one of the most important constraints – and opportunities – in the stack.

The progress in less than a year speaks for itself. Upscale AI has emerged as one of the fastest-growing companies in AI networking, with active engagements across leading hyperscalers and neocloud providers.

As AI moves from training to inference and autonomous agents, networking is becoming one of the most critical layers of the infrastructure stack. The next leap in AI performance will not be won by compute alone; it will be won by the networking that ties compute, memory, and storage together.

What excites us about Upscale AI is its open-standard, full-stack approach to AI networking. By getting accelerators, memory, and storage to operate seamlessly, the company is helping eliminate one of the biggest bottlenecks in large-scale AI infrastructure.

What continues to stand out about Barun, Rajiv, and the team is their ability to identify major infrastructure shifts before the market sees them. Just as AI is redefining computing, it is also redefining networking. We believe Upscale AI is building a category-defining company for this new era.

The journey now moves from inception to iconic. Congratulations to the entire Upscale AI team as they build the networking backbone of the AI era.

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