Upbound Raises $60M in Series B Funding


Upbound, a Seattle WA-based cloud management platform provider, raised $60M in Series B funding.

The round was led by Altimeter Capital with participation from GV, Intel Capital and Telstra Ventures.

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.

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.

To-date, Upbound has raised $69m.