Upbound Raises $60M In Funding From Altimeter Capital, Gv, Intel Capital And Others To Advance Its Universal Cloud Management Platform

Nov 29, 2021•over 3 years ago

Amount Raised

$60 Million

Seattle

Description

Upbound, the cloud management platform company behind the popular open source Crossplane project, today announced that it raised $60M in new funding. The new funding includes a Series B round led by Altimeter Capital with participation from GV, Intel Capital, and Telstra Ventures. The funding follows 10x quarter-over-quarter recurring revenue growth fueled by Crossplane adoption and enterprise demand for Upbound’s product offering. Upbound will use the funding to broaden its worldwide go-to-market efforts, accelerate product development, and expand its services and support offerings

Company Information

Company

Upbound

Location

Seattle, Washington, United States

About

Created in 2017, Upbound is a leading enterprise cloud management platform and the company behind the open source Crossplane project. Crossplane is designed for platform teams looking for a cloud-native infrastructure management solution. Customers use Upbound’s Universal Cloud Platform to transform their internal operations into a comprehensive cloud computing platform, simplifying infrastructure management and empowering developers with self-service capabilities. As a fully remote company, Upbound is backed by leading investors, including Altimeter, GV, Intel Capital, and Telstra Ventures. Learn more at upbound.io and follow us at @upbound_io.

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Upbound Raises $60M In Funding From Altimeter Capital, Gv, Intel Capital And Others To Advance Its Universal Cloud Management Platform

Description

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Funding Insights

Company Information