About Upbound
Upbound is a company based in San Francisco (United States) founded in 2017 by Bassam Tabbara and Illya Chekrygin. It operates as a SaaS (Software-as-a-Service). Upbound has raised $69 million across 2 funding rounds from investors including Altimeter Capital, Telstra Ventures and Google Ventures. Upbound offers products and services including Upbound Crossplane 2.0. Upbound operates in a competitive market with competitors including Datadog, VMware, Nutanix, Flexera and AvePoint, among others.
- Headquarter San Francisco, United States
- Founders Bassam Tabbara, Illya Chekrygin
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$69 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series B
Nov 29, 2021
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Investors
Altimeter Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Upbound
Upbound offers a comprehensive portfolio of products and services, including Upbound Crossplane 2.0. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Intelligent control plane for AI-native infrastructure operations.
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Funding Insights of Upbound
Upbound has successfully raised a total of $69M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $60.0M
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First Round
First Round
(02 May 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Upbound | Valuation | Altimeter Capital | |
| May, 2018 | Amount | Series A - Upbound | Valuation | Google Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Upbound
Upbound has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Altimeter Capital, Telstra Ventures and Google Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Long/short equity hedge fund and VC fim
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Founded Year | Domain | Location | |
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Venture capital firm backed by Telstra
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Upbound
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Upbound
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Upbound Comparisons
Competitors of Upbound
Upbound operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Datadog, VMware, Nutanix, Flexera and AvePoint, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud and application performance management platform is provided.
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Cloud orchestration solutions are provided for multi-cloud and device applications.
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| domain | founded_year | HQ Location |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
AI based cost management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Upbound
Frequently Asked Questions about Upbound
When was Upbound founded?
Upbound was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Upbound located?
Upbound is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Upbound?
Bassam Tabbara is the current CEO of Upbound. They have also founded this company.
Is Upbound a funded company?
Upbound is a funded company, having raised a total of $69M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on May 02, 2018.
What does Upbound do?
Upbound is engaged in delivering intelligent control planes based on Kubernetes and Crossplane for infrastructure and platform teams. Solutions are designed to provision, operate, and adapt platforms for both human and AI agents. The company contributes to Crossplane and the Cloud Native Computing Foundation, targeting AI-native infrastructure operations across various technology sectors.
Who are the top competitors of Upbound?
What products or services does Upbound offer?
Upbound offers Upbound Crossplane 2.0.
Who are Upbound's investors?
Upbound has 4 investors. Key investors include Altimeter Capital, Telstra Ventures, Google Ventures, and Intel Capital.