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Upscale AI Inc. raised $200 million in a funding round led by Tiger Global Management, Premji Invest, and Xora Innovation, achieving a valuation over $1 billion. The company plans to double its engineering team from 150 employees by year-end.

Upscale AI aims to develop networking solutions optimized for AI workloads, addressing issues like congestion faced by traditional networks. The funding follows a $100 million seed round and brings total funding to over $300 million.

Upscale's SkyHammer platform targets the AI infrastructure market, which is projected to be worth $100 billion by the decade's end. The company is focusing on partnerships with data centers and cloud providers, with product deployment expected this year.