Z Potentials·2025-08-23 05:22Core Insights - Upstage, an AI startup based in Seoul, raised $45 million from investors including Amazon and AMD to accelerate the development of its next-generation models and expand into the US and Asia-Pacific markets [2] - This funding round brings Upstage's total financing to $157 million, with participation from existing investor Korea Development Bank and two US companies in this Series B bridge financing [2] - As part of the agreement, Upstage will utilize Amazon Web Services (AWS) as its cloud service provider for building and deploying foundational models, leveraging AWS's machine learning infrastructure and custom AI chips [2] - Upstage was co-founded by Sung Kim in 2020, who previously led the AI development team at South Korea's largest internet company, Naver Corp. The company offers document processing engines and language models to enhance enterprise efficiency [2]