Upwind, co-founded in 2022 by CEO Amiram Shashar, who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020, is raising money at a valuation of $850-900 million, according to reports. TechCrunch”.
Israeli cybersecurity company Security upwind It has almost completed a $100 million Series B funding round at a company valuation of $850 million to $900 million, after funds, TechCrunch reports. New and existing investors in the latest round include Craft Ventures, Greylock, CyberStarts, Leaders Fund, Omri Casspi’s Sheva Fund and basketball star Steph Curry’s investment fund Penny Jar. TechCrunch says the funding round could close this week.
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Upwind was founded in 2022 by CEO Amiram Shashar, who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020.
Shashar said: The Spot founding team and I decided to create Upwind, a company that developed a cloud security platform based on real-time threat detection. Within 11 months, we’ve raised $80 million at a valuation of $300 million, and we aim to be one of the top three companies in the world in cloud security. We have nearly 100 clients, including Booking.com and Yotpo.”
The company has 100 employees at its development center in Tel Aviv and 50 at its headquarters in San Francisco, in addition to offices in the United Kingdom and Iceland.
Published by Globes, Israel Business News – en.globes.co.il – on November 10, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
Amiram Shashar Credit: Against the Wind