What is Upbound?
Founded in 2017 and headquartered in Seattle, Washington, Upbound provides a sophisticated platform designed to help enterprises run, scale, and optimize services across diverse cloud environments. The company specializes in cloud-native computing, offering solutions that abstract the complexities of infrastructure management. By leveraging open-source technologies, Upbound empowers engineering teams to treat infrastructure as code, thereby reducing operational overhead and enhancing the reliability of cloud-based deployments. Its market position is defined by its ability to bridge the gap between legacy infrastructure and modern, scalable cloud-native ecosystems, making it an essential partner for organizations undergoing digital transformation.
How much funding has Upbound raised?
Upbound has raised a total of $69M across 2 funding rounds:
Series A
$9M
Series B
$60M
Series A (2018): $9M with participation from GV
Series B (2021): $60M led by Altimeter Capital, T Ventures Management, GV, and Intel Capital
Key Investors in Upbound
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, focusing on long-term value creation.
T Ventures Management
Telstra Ventures is a venture capital firm that invests in lighthouse technology companies, providing strategic support to help them scale globally.
GV
GV is a venture capital firm that invests across multiple stages and sectors, with a strong focus on enterprise solutions and frontier technology innovations.
What's next for Upbound?
With the infusion of capital from its latest funding round, Upbound is well-positioned to scale its engineering efforts and expand its go-to-market strategy. The company is expected to focus on deepening its product capabilities, particularly in the areas of cross-cloud orchestration and automated infrastructure governance. As enterprises increasingly adopt multi-cloud strategies to avoid vendor lock-in and improve resilience, Upbound's platform is poised to capture significant market share. Future growth will likely center on enhancing developer experience and integrating more deeply with existing CI/CD pipelines, ensuring that the company remains at the forefront of the cloud-native infrastructure revolution.
See full Upbound company page
