Israeli cybersecurity firm Upwind, known for its advanced cloud infrastructure security solutions, has attracted significant investor interest in its upcoming funding round.
Upwind is looking to raise $100m in a Series B funding round, bringing its post-money valuation between $850m and $900m, according to a report from TechCrunch.
The round includes both new and existing investors, such as Craft Ventures, Greylock, CyberStarts, Leaders Fund, Omri Casspi’s Sheva Fund, and basketball star Steph Curry’s Penny Jar fund, it said.
Founded by Amiram Shachar, Upwind addresses cloud infrastructure vulnerabilities through a platform that minimizes the overwhelming volume of alerts typical in cybersecurity threat detection. The company’s technology streamlines security operations by reducing these alerts by 90%, enabling teams to focus more on actual, high-priority threats. Upwind’s platform addresses cloud services by providing solutions in areas like vulnerability management, identity security, container security, and API vulnerability management, covering an integrated approach that supports security across various facets of cloud infrastructure.
The newly secured funds are set to drive Upwind’s research and development initiatives and support expansion efforts. Plans include hiring an additional 100 staff members across locations in Israel, San Francisco, and Iceland, enhancing Upwind’s capacity to support its growing client base, which includes numerous Fortune 500 companies.
Prior to this funding round, Upwind had raised over $77m, including a notable $50m round in September 2023, which valued the company at $300m.
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