Collection B bridge brings complete funding to over $150M to scale Doc Intelligence, drive adoption in regulated industries, and develop globally, with backing from KDB, Amazon, and AMD
Upstage, a key AI firm specializing in enterprise-grade generative AI options, introduced a $45 million Collection B bridge spherical backed by Korea Improvement Financial institution (KDB), Amazon, and AMD. The increase brings complete capital to $157 million and can speed up growth of its next-generation Photo voltaic language mannequin, advance doc AI merchandise, and go-to-market enlargement within the U.S. and APAC.
The brand new funding can even advance R&D efforts to reinforce Photo voltaic’s capabilities and develop enterprise use circumstances, together with doc parsing, agentic process execution, and workflow automation. Lately, Upstage introduced a strategic collaboration with Amazon Net Companies (AWS), its most popular cloud supplier, to advance its Photo voltaic language fashions and develop entry to generative AI know-how. Below the AWS collaboration, Upstage will use AWS for constructing and deploying basis fashions, using AWS’s machine studying infrastructure together with SageMaker and AWS-designed silicon together with AWS Trainium and Inferentia.
Additionally Learn: AiThority Interview with Tom Findling, CEO of Conifers.ai
These enhanced AI capabilities are being strategically deployed to deal with important inefficiencies in goal industries, notably insurance coverage. A latest evaluation of the U.S. insurance coverage house discovered that claims adjudication prices reached $25.7 billion, with $18 billion tied to overturned denials and pointless evaluation cycles – a lot of it pushed by handbook, paper-heavy operations and outdated, fragmented programs. Upstage is tackling this problem head-on, with insurance coverage as its first main world vertical, the place resource-heavy areas like claims processing and dealer submissions are particularly ripe for automation.
On the heart of the technique is the Doc Intelligence suite, which contains Doc Parse — for remodeling unstructured paperwork into structured, LLM-ready codecs — and Info Extract, which pulls key information factors from uncooked textual content. Whether or not processing insurance policies, loss runs, monetary statements, invoices, or emails, the platform processes high-variation doc packets with over 95 % accuracy, eliminating handbook information entry, lowering processing time, and enabling quicker, extra automated decision-making.
Not like conventional OCR instruments that extract static fields with out understanding context, Upstage’s Doc Intelligence interprets paperwork holistically, understanding structure, which means, and function to ship structured outputs prepared for real-world workflows.
“It is a pivotal second not only for Upstage, however for the way forward for generative AI within the enterprise,” mentioned Sung Kim, Co-Founder and CEO of Upstage. “The subsequent part of AI is about efficiency, precision, and readiness for real-world complexity. That’s precisely what we’ve constructed with our suite. Our collaboration with AWS brings scale, credibility, and deep technical alignment — all vital as we ship production-ready AI from day one in high-stakes sectors like industrial and public sector insurance coverage.”
Additionally Learn: The Way forward for Determination Intelligence: Combining GenAI and Agentic AI
“Most enterprise groups are nonetheless buried in doc chaos,” mentioned Kasey Roh, U.S. CEO at Upstage. “We carry construction and velocity to that mess, serving to carriers and brokers transfer quicker, scale back prices, and serve purchasers with confidence.”
Photo voltaic LLM, a household of Upstage’s proprietary small LLMs educated with Amazon SageMaker and out there in Amazon Bedrock Market, underpins Upstage’s broader GenAI stack. The corporate additionally presents its Common Info Extractor — an AI agent for document-level understanding — by the AWS AI Brokers and Instruments Market.
Upstage’s fashions are already being utilized by Fortune 500 firms, together with Samsung, and are extensively utilized by Korean insurance coverage firms. Additionally it is deployed throughout a number of public sector and authorities establishments, demonstrating Upstage’s capacity to maneuver from idea to manufacturing. Adoption is rising within the U.S. insurance coverage and different extremely structured industries.
The Collection B bridge funding will help progress throughout gross sales and advertising and marketing hires and continued worldwide enlargement.
Upstage was just lately named to the CB Insights AI 100 checklist, chosen from hundreds of worldwide candidates — a milestone that reinforces Upstage’s traction in world markets. This bridge spherical builds on the corporate’s $72 million Collection B introduced in 2024, led by Korean traders together with SK Networks and Shinhan Enterprise Funding.
[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]
