# Upbound

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upbound

- Industry: Software
- Headquarters: Seattle, US
- Website: www.upbound.io
- Total disclosed funding: $61M
- Latest round: Series B (Nov 18, 2021)
- Investors on record: 4

## About

Upbound, Inc. provides innovative cloud-native platform engineering solutions, empowering organizations to manage and orchestrate cloud infrastructure efficiently through their flagship offering, Upbound, The Platform Cloud™.Founded in 2018 and headquartered in Seattle, US, Upbound, Inc. specializes in cloud-native platform engineering. The company was started by Bassam Tabbara, who has a history of founding other tech ventures. Upbound has successfully completed two funding deals, with the most recent being a USD 52 mn Series B round led by Altimeter Capital Management on November 18, 2021, raising a total of USD 52 mn to date and achieving a current valuation of USD 407.848 mn.Upbound specializes in cloud-native platform engineering solutions through its flagship product, Upbound, The Platform Cloud™, which allows organizations to manage and orchestrate their cloud infrastructure efficiently using Crossplane. Upbound's offerings address critical use cases like Cluster-as-a-Service and Database-as-a-Service, enhancing developer productivity and operational efficiencies while catering to sectors like finance, technology, and logistics across North America, Europe, and parts of Asia.Upbound operates on a subscription-based revenue model, offering annual or multi-year agreements for access to its platform services. Their clients benefit from features such as centralized control, automated workflows, and integrated observability. Although specific pricing plans are not disclosed, tiered service packages are available to align with client needs, ensuring they receive appropriate support and functionality.In November 2021, Upbound raised USD 52 mn in Series B funding, which will be utilized to expand its global go-to-market strategy, enhance product development, and increase its service and support offerings. The company is strategically targeting new markets and geographic regions for expansion, although specific details on the regions or product launches are not identified.

## Funding rounds

- Series B, Nov 18, 2021, $52M — Intel Capital, GV, Altimeter Capital, Titanium Ventures
- Series A, Apr 25, 2018, $9M — GV

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Series A, Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series B
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series B