Upbound, a Seattle WA-based cloud management platform provider, raised $60 million in a Series B funding round led by Altimeter Capital, with participation from GV, Intel Capital, and Telstra Ventures. To date, Upbound has raised $69 million.
The company intends to use the funds to broaden its worldwide go-to-market efforts, accelerate product development, and expand its services and support offerings.
Company: Upbound, Inc
Raised: $60.0M
Round: Series B
Funding Month: November 2021
Lead Investors: Altimeter Capital
Additional Investors: GV, Intel Capital, and Telstra Ventures
Company Website: https://www.upbound.io/
Software Category: Enterprise cloud management platform
About the Company: Led by Founder and CEO Bassam Tabbara, Upbound provides an enterprise cloud management platform and is behind the open-source Crossplane project, which 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.
Source: https://www.finsmes.com/2021/11/upbound-raises-60m-in-series-b-funding.html