Cyber startup Upwind raising $100 million at $850-900M valuation
The Israeli company, founded by Amiram Shachar and his founding partners from Spot.io, which was sold to NetApp for $450 million, is set to take its total funding to $180 million in two years.
Israeli startup Upwind, which develops a security platform that protects cloud infrastructure in real time, is set to close a $100 million Series B funding round in the coming days at a valuation of $850-900 million.
Full list of Israeli high-tech funding rounds in 2024
According to TechCrunch, investors in the round include Craft Ventures, Greylock, CyberStarts, Leaders Fund, Omri Casspi’s Sheva Fund, and basketball star Steph Curry’s investment fund Penny Jar.
Upwind raised a $50 million Series A in September 2023, bringing its total funding to almost $80 million within only one year of founding.
The company, founded by Amiram Shachar and his founding partners from Spot.io (sold to NetApp for $450 million), Liran Polak, Lavi Ferdman, and Tal Zuri, is backed by top cybersecurity investors Greylock, Cyberstarts, Leaders Fund, Craft Ventures, Cerca Partners, Sheva, and Penny Jar.
Upwind’s approach to cloud security leverages runtime data to help enterprises secure cloud infrastructure and applications with previously unavailable runtime context. The platform analyzes cloud infrastructure at all levels of an enterprise’s cloud-native environment and provides security teams with visibility into their cloud applications.
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“When we raised the initial funding, we knew that we would start with 30 people and finish the year with 80,” Amiram Shachar told Calcalist last year. “We knew that it was a very crowded market with very large players, but during the year we realized that we were on to something very big and that our concept optimizes work and makes other tools redundant.”
Upwind has more than doubled its workforce over the past year to around 160 and plans to expand it further following the latest funding round.
