Israeli Cybersecurity Firm Upwind Raises $400 Million at $3.8 Billion Valuation
Translated & summarized from TheMarker by baba
Israeli cybersecurity firm Upwind has officially announced the completion of a $400 million funding round, achieving a company valuation of $3.8 billion. The investment was led by Bessemer. CEO Amiram Shachar stated his focus is on building the company, not on a potential sale.
The story in 5 lines · by baba
- Upwind secured $400 million in funding, reaching a $3.8 billion valuation.
- Bessemer led the funding round, having also led Upwind's previous investment.
- CEO Amiram Shachar emphasized building the company over considering a sale.
- The company is in the cloud security sector.
- Reports suggest a potential acquisition offer from Datadog.
Israeli cloud security startup Upwind announced on Wednesday the completion of a $400 million funding round, valuing the company at $3.8 billion. The funding round was led by the American fund Bessemer, which also led Upwind's previous investment round announced in January of this year.
Amidst reports of a potential acquisition offer from American company Datadog, Upwind CEO Amiram Shachar stated that as CEO, he is not focused on the option of selling the company but rather on building a strong security firm.
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