Upwind Security raises $100m at $900m valuation

An Israeli cloud infrastructure security company Security upwindToday it announced that it has completed a $100 million Series B funding round led by Craft Ventures with new investors TCV and Alta Park Capital, in addition to all existing investors including Greylock, Cyberstarts, Leaders Fund, Cerca, and Sheva – which was founded by the former Israeli NBA player. Star Omri Kaspi. The valuation was not disclosed, but market sources say it ranges between $850 and $900 million.

Founded in 2022, Upwind Security has already raised $180 million, including its latest funding round. The company was founded by CEO Amiram Shachar, Liran Pollack, Tal Zur, and Lavi Ferdman who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020.

Upwind says the new funding will boost its global expansion and innovation, with plans to double its workforce to nearly 300 people and strengthen operations at its offices in Israel, San Francisco, the UK and Iceland.

Upwind has developed a comprehensive cloud security platform (CNAPP) using a unique approach, leveraging traditional CNAPP capabilities with runtime context to deliver prioritized results and help organizations focus on real risks rather than getting carried away by irrelevant risks. The runtime-driven platform approach integrates several security functions. Upwind was the first to include and define the importance of API security and deep application operating context as part of CNAPP.

“Cloud security is becoming more complex, and organizations need intelligent solutions to help them move quickly, without breaking anything,” said Shashar. “This investment reflects the growth and trust we are seeing from enterprise customers and allows us to provide customers with tools that make them the real difference.” Cloud Security By addressing the ever-changing factors that organizations face in real time, and by delivering clear cloud topologies and better visibility, we help teams focus on the most important threats, not theoretical risks and false alarms, and strengthen collaboration Between security and DevOps while enabling faster and more secure growth.”

Published by Globes, Israel Business News – en.globes.co.il – on December 2, 2024.

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