We report on the source Gaia 17bpi and identify it as a new, ongoing FU Ori type outburst, associated with a young stellar object. The optical lightcurve from Gaia exhibited a 3.5 mag rise with the source appearing to plateau in mid/late 2018. Mid-infrared observations from NEOWISE also show a $>$3 mag rise that occurred in two stages, with the second one coincident with the optical brightening, and the first one preceding the optical brightening by $sim$1.5 years. We model the outburst as having started between October and December of 2014. This wavelength-dependent aspect of young star accretion-driven outbursts has never been documented before. Both the mid-infrared and the optical colors of the object become bluer as the outburst proceeds. Optical spectroscopic characteristics in the outburst phase include: a GK-type absorption spectrum, strong wind/outflow in e.g. Mgb, NaD, H$alpha$, KI, OI, and CaII profiles, and detection of LiI 6707 AA. The infrared spectrum in the outburst phase is similar to that of an M-type spectrum, notably exhibiting prominent $H_2O$ and $^{12}$CO (2-0) bandhead absorption in the K-band, and likely HeI wind in the Y-band. The new FU Ori source Gaia 17bpi is associated with a little-studied dark cloud in the galactic plane, located at a distance of 1.27 kpc.
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