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4 days agoUpscale AI in talks to raise at $2B valuation, says report | TechCrunch
Upscale AI is seeking to raise $180-$200 million in its third funding round, aiming for a valuation of about $2 billion.
Legora's cofounder, Max Junestrand, stated, 'This is a reflection of how quickly our customers are pushing the industry forward. They're redefining how legal work gets done, and AI is becoming the core infrastructure for the profession.'
SoftBank is considering a new investment in OpenAI that could amount to $30 billion. This would further strengthen the Japanese technology conglomerate's position with one of the most influential AI developers. The plans were reported on by Bloomberg. The talks are still in the early stages, but they once again underscore the scale of founder Masayoshi Son's ambitions in the field of artificial intelligence.
That new funding round adds a roster of new strategic investors from across technology, media and real estate, including Tinder co-founder and Jam Fund founder Justin Mateen; angel investor Tyler Mateen; Mikey Heyward, CEO of Media Lab; Melinda Witmer, board member at TEGNA; real estate professionals Tracy Tutor, Chad Carroll and Hudson Advisory; George Laughton, Connor Flannery, Samir Mezrahi, and Ben Bear.