Intel Capital, Telstra Ventures and existing investor GV all backed the multi-cloud management software provider in a round led by Altimeter Capital.
US-headquartered application management software provider Upbound secured $60m yesterday in a series B round featuring subsidiaries of internet technology group Alphabet, semiconductor technology producer Intel and telecommunications firm Telstra.
The corporates were represented in the round by GV, Intel Capital and Telstra Ventures respectively, and it was led by technology investment firm Altimeter Capital. The transaction came three years after GV led the company’s $9m series A round.
Upbound has built a unified open source platform called Crossplane which…
