Cloud security startup Upwind nets $100M in Series A, triples valuation to $900M
Cloud security startup Upwind nets $100M in Series A, triples valuation to $900M
The Israeli company, founded by former Spot.io executives, plans to accelerate its global expansion plans and enhance its cloud security platform.
Upwind, a company specializing in cloud security solutions, announced on Monday that it has raised $100 million in Series A funding. The company’s valuation in this round is estimated at approximately $900 million, reflecting a 300% increase from its previous funding round in September 2023. The Series A round was led by Craft Ventures, led by David Sacks, and also saw participation from new investors TCV and Alta Park Capital. Existing investors, including Greylock, Cyberstarts, Leaders Fund, Cerca, and Sheva (founded by former NBA player Omri Casspi), also participated.
Upwind, which has now raised a total of $180 million since its founding in late 2022, was established by Amiram Shachar, along with his founding partners from Spot.io (which was sold to NetApp for $450 million): Liran Polak, Lavi Ferdman, and Tal Zuri. The company plans to significantly expand, with plans to double its workforce to nearly 300 employees and to broaden its operations across its existing offices in Israel, San Francisco, the UK, and Iceland.
The company has developed a cloud security platform, often referred to by Gartner as a CNAPP (Cloud-Native Application Protection Platform). This platform helps organizations focus on real risks rather than being overwhelmed by irrelevant threats. Upwind's solution consolidates various security functions, such as Cloud Security Posture Management (CSPM), Cloud Workload Protection (CWPP), Cloud Detection and Response (CDR), vulnerability management, identity security, and container security into one comprehensive offering.
"Cloud security is becoming more complex, and organizations need smart solutions to help them move quickly without compromising safety," said Amiram Shachar, founder and CEO of Upwind. "This investment reflects the growth and confidence we’re seeing from enterprise customers and allows us to provide tools that make a real difference. Our platform is reshaping cloud security by addressing the constantly evolving factors enterprises face in real time. By offering clearer cloud topologies and improved visibility, we help teams focus on critical threats rather than theoretical risks and false alarms, fostering stronger collaboration between security and DevOps while enabling faster, safer growth."
