US-based cloud computing technology startup Upbound closed a $9m series A round on Wednesday led by GV, a corporate venturing arm of internet and technology conglomerate Alphabet.
Founded in 2017, Upbound is developing a software platform that enables enterprise clients to manage services across a range of private cloud computing platforms and public platforms such as Amazon Web Services simultaneously.
The product is intended to reduce the cost and complexity of maintaining and scaling cloud-hosted services.
Upbound will use the funding to add to hire more product and engineering staff. The company also plans to join the Cloud Native Computing Foundation, an open-source cloud computing association whose Kubernetes engine will form part of Upbound’s technology.
Dave Munichiello, general partner at GV, said: “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.
“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.”