Cloud-Native Computing Company Upbound Announces $9M Series A Funding Led by GV

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Matt Heilman, product designer Upbound (left), Bassam Tabbara, founder and CEO of Upbound (2nd on the left), Illya Chekrygin, founding member and engineer (2nd right), Luke Weber, founding engineer (right). (Photo credits: Upbound)

Upbound, a cloud-native computing company enabling organizations to run, scale and optimize their services across multiple public and private clouds, announced the close of a $9 million Series A financing round led by GV (formerly Google Ventures).

Upbound delivers a multi-cloud platform based on Kubernetes that enables organizations to treat multiple disparate environments as one. This would allow organizations to build highly scalable, readily available, multi-cloud services and reduce the cost and complexity of managing, securing, and scaling these services. Upbound would enable a new level of cloud automation, cost optimization, capacity overflow, failover, policy enforcement and portability across cloud environments.

Upbound will use this $9 million investment to expand its core engineering and product team, whose current members have experience working at HBO, Lyft, Microsoft, Nutanix, and Symform.

Kubernetes-Centric

“With the widespread adoption of Kubernetes and cloud-native technologies we are embarking on a new era of cloud-computing. Enterprises are asking for a more open cloud with more choices and less vendor lock-in,” said Bassam Tabbara, CEO, and founder of Upbound. “Upbound will help enterprises run, scale and optimize their workloads across clusters, regions, and clouds in a Kubernetes-centric way.”

Founded in late 2017 by Tabbara, Upbound is comprised of the team that is behind the Rook project, an open source storage framework for Kubernetes that addresses the complexities associated with running stateful workloads. In January, the Rook project became the first storage project hosted by Cloud Native Computing Foundation and would continue to see rapid growth and adoption. Rook extends Kubernetes with new portable abstractions for stateful workloads “enabling a new level of portability across clouds.”

“Upbound presents a credible approach to multi-cloud computing built on the success of Kubernetes, and as a response to the growing enterprise demand for hybrid and multi-cloud environments,” said Dave Munichiello, General Partner at GV. “We were initially drawn to Upbound’s vision of true enterprise workload portability, and believe in the technical strength of this founding team to generate a significant impact on the market for multi-cloud computing.”

Cloud Native Computing Foundation (CNCF)

As part of this announcement, Upbound is also announcing it’s joining the Cloud Native Computing Foundation. “The momentum around cloud-native computing is building and we are seeing broad adoption of our projects within the enterprise. Multi-cloud is a critical part of this future,” said Dan Kohn, Executive Director of the Cloud Native Computing Foundation (CNCF). “I am excited to have member companies like Upbound help drive this vision forward.”

Upbound’s multi-cloud platform would also cater to independent software vendors offering solutions that scale across cloud environments. It provides ISVs with a multi-cloud control plane to deploy, manage, and optimize their services across multiple clusters.