Personal Storage App Upthere Raises $77M in Funding

upthere_logoUpthere, a Redwood City, CA-based personal storage service and application, raised $77m in funding.

The round was led by Kleiner Perkins Caufield and Byers and Western Digital, with participation from Elevation Partners, Floodgate, GV, NTT Docomo Ventures, and Square 1 Bank.

The company intends to use the funds to advance its technology.

Led by Chris Bourdon, CEO, Upthere provides a cloud-based personal storage service and application to keep, find, and share a lifetime of files. The Upthere Home app is designed to handle a lifetime of personal photos, videos, music, and documents.
Instead of folders, the service uses Loops, which can include any file and any file can be in any number of Loops. Loops can be private, shared with others, or published through a web link. Anyone in a Loop can invite others, add content, and make comments.
The core technology is a new operating system called UpOS™, built to support a large amount of content being created in different formats from different devices and services.

Upthere Home is available now for Android, iPhone, Mac, and Windows (beta).

FinSMEs

27/07/2016

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