Israeli Cybersecurity Firm Upwind Rejects $4 Billion Acquisition Offer
Translated & summarized from NEWSru Israel by baba
Israeli cybersecurity startup Upwind rejected a $4 billion acquisition offer from U.S. company Datadog. The company, founded by Amiram Shachar, is instead completing a $300 million funding round at a $3.8 billion valuation. Upwind develops real-time AI agents and monitoring systems for cyber threats. Datadog offers software for cloud service and application performance monitoring.
The story in 5 lines · by baba
- Israeli firm Upwind rejected a $4 billion acquisition offer from Datadog.
- Upwind is instead raising $300 million at a $3.8 billion valuation.
- The company was previously in talks for a $1 billion deal with Datadog.
- Upwind was founded by Amiram Shachar and focuses on AI cyber threat detection.
- Datadog provides cloud and application performance monitoring software.
Israeli cybersecurity company Upwind, founded by Amiram Shachar, has reportedly turned down a $4 billion acquisition offer from U.S. firm Datadog, according to The Information. Instead, Upwind is finalizing a $300 million funding round at a valuation of approximately $3.8 billion. Previously, the company had been reported to be seeking $400 million at the same valuation, with TCV and Bessemer funds leading the round. Negotiations for a deal worth around $1 billion between Upwind and Datadog had also taken place last year but did not materialize. In that previous round, Upwind raised $250 million at a $1.5 billion valuation, led by venture capital fund Bessemer. Upwind specializes in real-time application monitoring systems and AI agents designed to detect cyber threats. Datadog provides software for monitoring the performance of programs and cloud services within companies. Acquiring Upwind would have enabled Datadog to monitor AI models and agents in real-time.
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