What is Upbound?
Founded in 2017 and headquartered in Seattle, Washington, Upbound specializes in cloud-native computing solutions. The company empowers organizations to effectively run, scale, and optimize their services across diverse cloud environments. Upbound's technology addresses the complexities of multi-cloud management, positioning it as a key player in the evolving cloud infrastructure landscape. The company's recent funding rounds indicate strong investor confidence in its ability to capture a significant share of the enterprise cloud market.
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, T Ventures Management, Intel Capital, and Altimeter Capital
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 technologies. They are headquartered in Santa Clara, California.
T Ventures Management
Founded in 2011 and headquartered in San Francisco, California, Telstra Ventures is a venture capital firm that invests in lighthouse technology companies.
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, managing concentrated, long-term portfolios and supporting founders with product and strategy.
What's next for Upbound?
With substantial enterprise-level funding and a recent strategic investment, Upbound is poised for accelerated growth and market expansion. The company is likely to focus on enhancing its platform capabilities, expanding its engineering talent, and broadening its go-to-market strategy. This capital will enable Upbound to further solidify its position in the competitive cloud-native computing sector, potentially exploring new partnerships and technological advancements to meet the increasing demand for robust multi-cloud solutions.
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