UpCloud set to accelerate international expansion
The Finnish cloud computing startup received four million euros in its first round of external funding, led by venture capital company Inventure.
UpCloud offers cost-effective and high-performance cloud computing from four data centres located in Helsinki, London, Chicago and Frankfurt. The company was founded in 2011.
The funding will enable UpCloud to expand its team, as well as opening new offices and data centres internationally.
Earlier this year, UpCloud was awarded the highest performance in the infrastructure space in a benchmark released by market research company CloudSpectator. The research was conducted amongst 19 cloud computing companies across Europe. Now UpCloud aims to become the defacto global European alternative in the high performance cloud space.
“We have built value for our customers from the start and enjoyed excellent revenue growth,” says Antti Vilpponen, CEO of UpCloud, in the press release. “Our ambition is to offer our services to customers globally at a faster pace, and this is the next step on that path.”