UpCloud secures €4 million for growth

  • November 28, 2016

We are incredibly excited to announce that we have secured €4 million to accelerate our growth and to further improve the products and services that our customers enjoy already today. The investment round was lead by Inventure, a leading Nordic venture capital company.

This is an exciting time for UpCloud. We want to extend our gratitude to all of our customers and partners who have worked with us. Without you – we wouldn’t have been able to build UpCloud as it stands today.

As many of our customers know, we have fanatically focused on high performance, reliable service and competitive prices. We have been lucky to be successful in this as we’ve enjoyed excellent revenue growth and this has enabled us to grow without any external funding.

Our goal is to offer developers the most high performance cloud infrastructure resources and the best tools to control and manage them on a global scale. With the funding, we are able to accelerate many things towards this goal; opening of new datacenters and offices, but also – hire great people to our team.

We anticipate to offer our customers more value, now even faster with the help of the funding going forward.

 
Joel Pihlajamaa, CTO & Founder
Antti Vilpponen, CEO