Upwind Secures $100M Series A for Cloud Infrastructure Security
Deal News | Dec 02, 2024 | Newswire Business
Upwind, a rapidly evolving cloud security company founded in late 2022, has successfully secured $100 million in a Series A funding round, bringing its total funding to $180 million. The funding will fuel the company's global expansion and innovation, doubling its headcount to nearly 300 employees, and enhancing operations across its offices in Israel, San Francisco, the UK, and Iceland. The cloud security market is experiencing exponential growth driven by the rapid adoption of cloud-first strategies by enterprises, with 85% expected to adopt such strategies by 2025. Upwind offers a comprehensive cloud security platform with unique runtime context capabilities, setting itself apart in the cloud security arena by enhancing traditional Cloud-Native Application Protection Platform (CNAPP) functionalities. The company's strategic approach to cloud security promises to provide significant competitive advantages and foster closer collaboration between security and DevOps teams. This investment, led by prominent backers such as Craft Ventures, Cyberstarts, and TCV, reflects strong market confidence in Upwind's capabilities to redefine cloud security through smarter, more agile solutions.
Sectors
- Cloud Computing
- Cybersecurity
- Venture Capital
Geography
- United States – Several participants, including investors and Upwind's strategic operations, are based in the U.S.
- Israel – As one of Upwind’s key operational hubs, Israel plays a crucial role in its global expansion strategy.
- United Kingdom – The UK serves as another important geographical location for Upwind's operations.
- Iceland – Iceland is mentioned as part of Upwind's global operational reach.
Industry
- Cloud Computing – This sector is relevant as the article discusses the growing adoption of cloud infrastructure by enterprises and the consequential demand for cloud security solutions.
- Cybersecurity – Upwind operates within the cybersecurity industry by providing advanced security solutions for cloud environments, noting the need for cloud infrastructure protection as organizations move sensitive data online.
- Venture Capital – The article highlights significant investments in Upwind, featuring key players like Craft Ventures, which is a pivotal aspect of venture capital activity.
Financials
- 100,000,000 – The amount raised in Upwind's Series A funding round.
- 180,000,000 – The total funding raised by Upwind since its founding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Upwind | Target Company | Company | A cloud security startup founded in 2022, providing next-generation cloud security solutions. |
| Craft Ventures | Investor | Company | A venture capital firm that invested in Upwind as part of its Series A funding. |
| Greylock | Investor | Company | One of the top cybersecurity investors backing Upwind. |
| Cyberstarts | Investor | Company | A key investor in Upwind focused on cybersecurity solutions. |
| Leaders Fund | Investor | Company | A venture capital firm involved in investing in Upwind. |
| Cerca Partners | Investor | Company | Another venture capital firm supporting Upwind's growth. |
| Sheva | Investor | Company | A VC fund co-founded by former NBA player Omri Casspi, invested in Upwind. |
| Amiram Shachar | Founder & CEO | Person | Co-founded Upwind and driving its innovation in cloud security. |
| Michael Robinson | Partner and Head of Growth at Craft Ventures | Person | Involved in investing and steering growth strategies for Upwind. |
| Morgan Gerlak | Partner at TCV | Person | Expressed confidence in Upwind's strategic fit and growth trajectory. |
| Carson Fullard | Managing Director at Alta Park | Person | Commenting on the importance of runtime detection and response in cloud security. |