Upstage, a South Korea-based generative AI company, has secured KRW 180 billion in Series C funding, achieving unicorn status with a valuation exceeding 1 trillion won.
Investors
The round was led by Saje Partners, with participation from Premier Partners, Shinhan Venture Investment, Mirae Asset Venture Investment, KB Securities, and Intervest. New investors include Axiom Asia, Hyundai Motor & Kia, Woori Venture Partners, and IBK Industrial Bank of Korea.
Upstage Use of Funds
The company will use the funds to expand its GPU infrastructure, recruit global AI talent, and scale its international presence across the U.S. and Japan.
About Upstage
Founded in 2020, Upstage specializes in developing large language models (LLMs) and document intelligence solutions for enterprise workflows. Its proprietary offerings include the SOLAR LLM and the document processing solution, Document PATH. Upstage’s core product suite focuses on transforming unstructured data into actionable insights through tools such as document parse and information extract, which automate workflows in high-stakes industries like insurance, healthcare, and finance.
Headquartered in South Korea, Upstage’s mission is to build intelligence for the future of work.
Funding Details
Company: Upstage Co., Ltd.
Raised: KRW 180.0B
Round: Series C
Funding Date: April 2026
Lead Investor: Saje Partners
Additional Investors: Premier Partners, Shinhan Venture Investment, Mirae Asset Venture Investment, KB Securities, Intervest, Axiom Asia, Hyundai Motor & Kia, Woori Venture Partners, IBK Industrial Bank of Korea
Company Website: https://www.upstage.ai/
Software Category: Generative AI / Document Intelligence
Source: https://wowtale.net/2026/04/15/257079/