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Upstage develops AI models and document processing solutions for organizations in sectors including finance and healthcare.
Founded in 2020 and based in Yongin-si, South Korea, Upstage develops artificial intelligence products, including language models and software that converts complex documents into structured data. Its customers use the tools for document management and workflow automation. In April 2026, the company raised KRW 180 billion in Series C funding led by Sazze Partners, with Axiom Asia Private Capital, Hyundai Motor Securities, Kia, WOORI Venture Partners, Industrial Bank of Korea, Premier Partners, Shinhan Venture Investment, Mirae Asset Venture Investment, KB Securities, IBK Venture Investment, and InterVest participating.
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