Upstage

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Foundation Models?
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Early
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Large language models (LLMs)
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South Korea-based Upstage specializes in the development of LLMs. The company’s flagship, LLM Solar, is claimed to be fast, cost-efficient, and powered by the Depth-Up Scaling (DUS) technique with its ability to scale LLMs efficiently. The LLMs can be customized for various use cases, including healthcare, customer support, finance, insurance, ecommerce, law, and media. The model is available on-premise, and API integration through platforms like Amazon SageMaker JumpStart. The company also offers a Document AI solution, an AI-powered OCR (optical character recognition) technology to automate workflows and process unstructured data.

In September 2024, the company released the preview of its large language model (LLM) Solar Pro with 22 billion parameters.

Key customers and partnerships

In January 2024, Upstage partnered with SK Networks to expand globally and combine Upstage's private language model capabilities with SK Network’s en-core data management services.

The company’s product, Document AI, caters to demand in the finance, healthcare, and legal industries, with notable clients like Samsung and Hanwha.

In May 2024, Upstage signed a memorandum of understanding with Flitto, a provider of translation platform, to create an AI-based dataset that can handle under-resourced Asian languages.

In June 2024, Upstage announced a multi-year Strategic Collaboration with Amazon Web Services (AWS) to expand the global reach of its AI offerings (namely its flagship LLM, SOLAR) via AWS’s “ISV Accelerate” co-selling program.


HQ location:
A-821, 338, Gwanggyojungang-ro, Suji-gu Yongin KOR
Founded year:
2020
Employees:
101-250
IPO status:
Private
Total funding:
USD 125.7 mn
Last Funding:
USD 71.9 mn (Series B; Apr 2024)
Last valuation:
-
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