UpBound

Cloud-based solutions for infrastructure management

Seattle, Washington, United States

About UpBound

Upbound provides cloud-based solutions designed to help businesses streamline their operations and manage their cloud infrastructure more effectively. Their services include managed control planes that allow platform teams to scale resources as needed, ensuring optimal performance. A key feature is the ability to auto-scale control planes to support platforms with over 1,000 Custom Resource Definitions (CRDs), which means resources can adjust automatically based on demand. Upbound also offers Upbound Spaces, enabling organizations to deploy managed control planes in their own environments, which is beneficial for compliance with data privacy regulations. Unlike many competitors, Upbound focuses on simplifying the management of various cloud service providers and tools through centralized control. The company's goal is to empower businesses to innovate rapidly while maintaining efficient infrastructure management, with a subscription-based model that generates recurring revenue.

Seattle, WashingtonHeadquarters
2017Year Founded
$67.1MTotal Funding
SERIES_BCompany Stage
Enterprise Software, CybersecurityIndustries
51-200Employees

Benefits

Equity
Health care benefits
401k plan
Work from anywhere
Flexible hours & PTO
Home office stipend

Risks

Name confusion with rent-to-own company involved in a lawsuit poses reputational risk.
Increased competition in cloud-native platforms may dilute Upbound's market share.
Rapid technological advancements require continuous innovation, straining Upbound's resources.

Differentiation

Upbound offers managed control planes powered by Crossplane, a unique cloud-native solution.
The company provides auto-scaling for platforms with over 1,000 Custom Resource Definitions.
Upbound Spaces allows deployment of managed control planes in private environments for data compliance.

Upsides

Increased adoption of Kubernetes boosts demand for Upbound's Crossplane solutions.
Multi-cloud strategies create opportunities for Upbound's centralized control solutions.
Rise of platform engineering increases need for Upbound's managed control planes.

Funding

Total raised$67.12 M
Latest valuation$300.00 M
StageSERIES_B
SERIES A
4/30/2018
$9
$45.00 M