Upstage AI has been named to CB Insights’ 2025 Insurtech 50 and Fintech 100, recognizing its role in bringing practical, transparent AI to enterprises. From Solar LLM to AI Space and Document Parse, Upstage empowers global organizations to scale automation and achieve measurable business impact.
In a market flooded with AI hype, most organizations are still asking the same question: how do we make it work?
Reports point to a clear gap: while enterprises know AI is the future, fewer than one in five companies have achieved scalable adoption or measurable ROI (McKinsey’s State of AI, 2024). MIT’s State of AI in Business 2025 report found a similar gap: only 14% of organizations have achieved scalable value from AI, and the ones that have know structure, transparency, and human oversight are non-negotiable. The problem isn’t ambition; it’s integration. AI pilots often stall because the underlying data and workflows aren’t built for sustainable automation.
This is where Upstage has consistently focused — and won — from day one. By designing products like Solar LLM and Document AI to embed directly into enterprise workflows, Upstage helps Fortune 500 companies in finance and insurance move beyond experimentation and into real operational transformation, powering over 60% of Korea’s insurance claims and saving firms tens of millions annually. These tools don’t just process data; they structure it, verify it, and make it usable across the business.
This disciplined, results-first approach is exactly why Upstage earned dual recognition this year on CB Insights’ Insurtech 50 and Fintech 100 lists, alongside its earlier spot on the AI 100. It’s validation that practical, transparent, human-centered AI isn’t just the future of enterprise — it’s already driving impact today.
“Over the next 12 months, our focus is expanding [the] AI space from document extraction to workflow automation, transforming every step from intake and classification to data extraction, generation, and insight delivery through an agentic workflow.”
— Kasey Roh, Head of U.S. of Upstage
Upstage, Building Tomorrow’s Solutions Today
In an ever-changing AI landscape, companies need solutions that meet them where they’re at and continue to evolve with emerging technology. That’s where Upstage comes into the picture. Our growing suite of products helps businesses find the best solution for them.
- Information Extract: Manual data entry ends here. Information Extract processes contracts, invoices, forms, financial statements, and more with enterprise-level precision, automatically pulling key insights and structured data in seconds. No training required.
- AI Space: Your AI workspace for documents that think. AI Space unifies extraction and review into one seamless flow—producing final, fully-traceable outputs with citations for every data point.
- Solar LLM: Break language barriers with Solar Pro 2 and Solar Mini, enterprise-grade models built for global scale. From multilingual customer support to complex reasoning, Solar delivers world-class intelligence with cost-efficient deployment that rivals the performance of leading LLMs.
- Syn LLM: Built for Japan’s next era of AI, Syn LLM delivers precision and performance where it matters most. It combines market-specific fluency with cost-efficient deployment, making advanced AI accessible across regulated and high-accuracy industries.
- Document Parse: Turn unstructured chaos into structured intelligence. Document Parse converts PDFs, scans, tables, and charts into clean, machine-readable data, so your LLMs can finally understand the full story behind every document.
Quick facts about the 2025 CB Insights Insurtech 50
- $3.6B in equity funding raised over time, including $0.6B in 2025 so far.
- 60% of the winners are early-stage insurtechs, up 20 percentage points from last year’s winners.
- 260+ business relationships since 2021, including with industry leaders like Amazon Web Services, Generali, and Sun Life.
- Success probabilities among the global top 3% of private companies, signaled by a median CB Insights’ Mosaic score of 734 out of 1,000.
Quick facts about the 2025 CB Insights Fintech 100
- The 100 winners include 20 companies across digital assets solutions, 16 in financial operations and HR, 14 payments companies, and 13 in wealth management.
- 60+ companies on the list deploy AI in their solutions, and AI agents in particular are moving from workflows to financial infrastructure.
- $5.6B in equity funding raised over time, including more than $2B in 2025 so far (as of 10/22/2025).
- 60 companies from outside the United States, across 26 countries on 6 continents.
- 640+ business relationships since 2021, including with industry leaders like Mastercard, Visa, Worldpay, Coinbase, and Circle.
About CB Insights
Headquartered in New York City, CB Insights is the leading provider of AI for market intelligence. The company aggregates, validates, and analyzes hard-to-find private and public company data. Its powerful AI tells users what it all means to them personally. The world's smartest companies rely on CB Insights to focus on the right markets, stay ahead of competitors, and identify the right targets for sales, partnership, or acquisition. Visit www.cbinsights.com for more information.
