Finnish cloud startup UpCloud raises €4 million from Inventure

Helsinki-based cloud computing company UpCloud has raised €4 million in a funding round led by Finnish VC Inventure to fund its internationalisation.

UpCloud has data centres in Helsinki, London, Frankfurt, and Chicago and now plans to open up new offices and data centres in more international locations.

“Our ambition is to offer our services to customers globally at a faster pace, and this is the next step on that path,” said Antti Vilpponen, CEO of UpCloud.

“A major shortcoming in cloud computing has always been poor and fluctuating performance. We have, over the years, solved many difficult challenges with our own R&D and technology and I am very happy to confirm that we are now able to spread our world-class technology faster, and to an even wider audience,” added CTO Joel Pihlajamaa.

UpCloud was recognised for having the highest performance in the infrastructure space by CloudSpectator earlier this year. The company is positioning itself as the “defacto global European alternative in the high-performance cloud space”.