Israeli Cybersecurity Firm Upwind Security Valued at $3.8 Billion After Funding Round

Israeli cybersecurity company Upwind Security has successfully completed a new funding round, raising $300 million and achieving a valuation of approximately $3.8 billion. This significant increase in valuation comes just months after the company secured $250 million in January at a $1.5 billion valuation. Since its founding in 2022, Upwind has raised over $400 million, according to reports.

The latest funding round was led by venture capital firm Bessemer Venture Partners, with participation from existing investors including TCV, Craft Ventures, Salesforce Ventures, Greylock, Cyberstarts, Leaders Fund, and Alta Park Capital. Notably, Penny Jar Capital, a fund owned by NBA star Steph Curry, is also among the investors.

Upwind Security was established in 2022 by CEO Amiram Shachar, Tal Tzur, Lavie Friedman, and Liran Pollack. These founders previously co-founded and held senior positions at Spot.io, which was acquired by NetApp in 2020 for $450 million.

The company, which employs around 300 people with roughly half based in Israel, operates in the cloud security sector, specifically within the CNAPP (Cloud Native Application Protection Platform) category. Upwind focuses on protecting cloud-based applications and has expanded its offerings to include real-time attack defense, API protection, and management of cloud vulnerabilities and misconfigurations.