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Upstart Raises $50M And Partners With Banks To Expand Its Ai Lending Business

by venturebeat.com posted 4months ago 16 views
Upstart, a startup founded by ex-Googlers that uses AI to identify who should get a loan and of what size, said today it has raised $50 million. The startup has also inked deals with banks as it looks to expand its lending business. The series D round for the San Francisco-based startup was led by Progressive Investment Company, Healthcare of Ontario Pension Plan, and First National Bank of Omaha. In total, the seven-year-old startup has raised $160 million to date, with more than $100 million in cash and equity capital in hand.

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