Upbound has announced to have raised $60M in new funding Series B led by Altimeter Capital with participation from existing and new investors, GV, Intel Capital, and Telstra Ventures. The company plans to use the funds to continue serving the Crossplane community, accelerate product development, and expand their market globally. It has raised $69 million to date.
Crossplane is an open source Kubernetes add-on that enables platform teams to assemble infrastructure from multiple vendors, and expose higher level self-service APIs for application teams to consume, without having to write any code. With Crossplane, platform teams can consolidate all workloads around cloud native projects and adopt modern GitOps driven engineering practices.
Upbound founder and CEO Bassam Tabbara says major cloud platforms like AWS are built using a control plane supported by value-add features like SDKs, CLIs, consoles. Upbound’s commercial offerings provide these features and services to help platform engineers build cloud platforms with developer experiences, fast.
“We built Crossplane to help organisations build their clouds like the cloud vendors build theirs—with a control plane. Crossplane is a CNCF project which extends the Kubernetes API to manage and compose infrastructure. Operators can encapsulate policies, permissions, and other guardrails behind a custom API line generated by Crossplane while application developers can self-service from the API without needing to become an infrastructure expert.”
Upbound is also hiring across different roles to help accelerate of building a universal cloud platform.