What is Upbound?
Founded in 2017 and headquartered in Seattle, Washington, Upbound operates within the cloud-native computing sector. The company specializes in providing solutions that allow businesses to effectively run, scale, and optimize their services across diverse cloud infrastructures. Upbound's technology is designed to address the complexities of multi-cloud environments, offering a unified platform for managing cloud-native applications and services. This positions Upbound as a key player in the evolving landscape of cloud management and orchestration.
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 GV, Altimeter Capital, Intel Capital, and T Ventures Management
Key Investors in Upbound
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, and next-generation compute. They provide financial backing and business development introductions.
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, focusing on concentrated, long-term portfolios and supporting founders with product and strategy.
GV
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations globally.
What's next for Upbound?
With the recent injection of major strategic capital, Upbound is poised for significant advancements. The company's focus on cloud-native computing and multi-cloud optimization aligns with current enterprise demands for flexible and scalable IT infrastructure. Future developments are likely to center on enhancing its platform capabilities, expanding its market reach, and potentially forging new strategic partnerships. The sustained investment indicates strong confidence from backers in Upbound's long-term vision and its ability to capture a larger share of the cloud management market.
See full Upbound company page
