UpCloud raises 4 mln euros

Helsinki-based cloud computing company UpCloud has raised 4 million euros in its first external round of funding to accelerate its international expansion.

“We will help UpCloud to expand to new markets and new customer segments, which will all benefit from the superior cloud performance UpCloud offers,” said Sami Lampinen from Inventure, which led the funding round.

UpCloud aims to become a global European alternative in the high-performance cloud computing space. UpCloud currently offers its services from four data centres located in Helsinki, London, Chicago and Frankfurt.

In spring of 2016, UpCloud was awarded the highest performance in the infrastructure space in a benchmark released by the market research company CloudSpectator. The research was conducted among 19 cloud computing companies in Europe. Google Cloud, Amazon Web Services and Microsoft Azure were included in the benchmark.