2024 Revenue
$20.4M
Funding
$26.7M
YOY
89.9%
Team
129
Founded
2011
How UpCloud CEO Antti Vilpponen grew UpCloud to $20.4M revenue with a 129 person team in 2024.
Developer of cloud-based servers designed to offer data related services. The company's servers specialize in cloud hosting that offer an hourly billed infrastructure-as-a-service for enterprise customers, enabling clients to run critical web applications on a cloud platform and promote efficiency in their performance.
Last updated
UpCloud Revenue
In 2024, UpCloud's revenue reached $20.4M. The company previously reported $10.8M in 2023. Since its launch in 2011, UpCloud has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | UpCloud Hit $20.4m revenue in October 2024 | |
| 2023 | UpCloud Hit $10.8m revenue in December 2023 | |
| 2021 | UpCloud Hit $6.2m revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
UpCloud Valuation, Funding Rounds
UpCloud has not publicly disclosed its valuation. The company has raised $26.7M in total funding to date.
UpCloud has raised $26.7M in total funding across 2 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Funding round | $21.8M | - | - | |
| 2016 | Funding round | $4.9M | - | - |
Founder / CEO
Antti Vilpponen
Antti Vilpponen is the CEO at UpCloud. Additionally, Antti Vilpponen has had 1 past job as the Co-Founder at ArcticStartup.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for UpCloud yet.
UpCloud Employees & Team Size
UpCloud employs approximately 129 people as of 2026, up from 114 in 2023, including 3 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 129 employees (December 2024) |
| 2024 | Reached 119 employees (October 2024) |
| 2023 | Reached 114 employees (December 2023) |
| 2022 | Reached 111 employees (December 2022) |
| 2021 | Reached 79 employees (December 2021) |
| 2021 | Reached 74 employees (April 2021) |
Frequently Asked Questions about UpCloud
What is UpCloud's revenue?
UpCloud generates $20.4M in revenue.
Who founded UpCloud?
UpCloud was founded by Antti Vilpponen.
Who is the CEO of UpCloud?
The CEO of UpCloud is Antti Vilpponen.
How much funding does UpCloud have?
UpCloud raised $26.7M.
How many employees does UpCloud have?
UpCloud has 129 employees.
Where is UpCloud headquarters?
UpCloud is headquartered in Helsinki, Southern Finland, Finland.
Compare UpCloud to the industry
UpCloud operates across multiple industries. Browse revenue, funding, and growth data for UpCloud in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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