Upmc is an upmarket data platform with a long-term plan for a $1bn market capitalisation and is on track to beat its goal of reaching $4 billion in market cap by 2021, CEO Andy Gulliver has said.
Upmc has a long, long-running relationship with its customers and a long track record of success.
It has become one of the most popular and trusted data providers around, with more than $3.3bn in revenue in the US, UK and Ireland last year.
Upstart data startup Upwork launched in October 2016 and was acquired by the social networking company in 2018 for $15.4bn.
Upwork currently employs about 500 people.CEO Andy Gurniver, pictured here with founder and CEO Peter Munk in 2014, said the company was on track for a “large, sustainable” market cap in 2021, Reuters reports.
“Our business model is very simple, it’s to provide a service that is highly-relevant and useful, and the customer can pay a reasonable fee for it,” he told Reuters.
“It’s not about being the fastest, it doesn’t matter who it’s for, we can provide a very good experience.”
Mr Gurnivers team is focused on making the platform as valuable as possible, so that customers can make the most of the technology they have access to, he added.
“We are very focused on bringing the best value for the customers that we serve,” he said.
“When we say value, we mean the quality and the quality of the services that we deliver.”
This is a business model that is sustainable, it is very attractive and it is sustainable for the long term.
“Upwork has a business-to-business model where users can pay up to $100 for data.
Up to 100 customers pay $99.99 for unlimited access.
UpWork’s CEO, Peter Munchin, is pictured with Upmc co-founder and chief executive Andy Gudders in 2017.
Upcoding, a data-based business-sharing platform, has raised $1.3m in seed funding from a range of investors.
The startup aims to provide up to 500,000 people with a better way to share their data and to offer a better experience when using their data, with its “personalised data and analytics” services.
Upcovers has raised an undisclosed amount from VC firm Greylock Partners, while Upwork has raised a $150m Series A.
In June, Upcovers said it had raised $500,000 in Series B funding.