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Cybersecurity continues to command a wad of attention from enterprises seem for safe protection from malicious hacker , and VCs want in on the activity . In the later example , TechCrunch has get a line and confirmed thatUpwind — a medical specialist in assessing and securing cloud infrastructure — is closing in on a $ 100 million rung at a valuation of between $ 850 million and $ 900 million , stake - money .
The round include a mix of new and exist investors such as Craft Ventures , Greylock , Cyberstarts , Leaders Fund , Omri Casspi ’s Sheva Fund , and basketball star Stephen Curry ’s investing stock Penny Jar . The stave is in its final leg of getting closed — this could come in in a matter of day — and could include further investors .
The circle , a Series B , descend on the heel of the fellowship picking up “ oodles ” of Fortune 500 companies and grow its faculty to about 160 people , a reservoir said .
It ’s a significant leap for Upwind , which had antecedently raise just over $ 77 million , including a$50 million roundin September 2023 . Upwind ’s last valuation , from that most late bout , was $ 300 million . It will be using some of the funding for R&D , and some for hiring , with plans to add around 100 people across Israel , San Francisco , and Iceland .
Upwind was founded by Amiram Shachar , whosoldhis previous company , the cloud spend management startup Spot.io , to NetApp for $ 450 million . It is part of the guard of cybersecurity startup founded in Israel by team that trim down their teeth originally figure out in areas like military intelligence information .
In its suit , it is also one of the many company in the space focusing on vulnerabilities in the cloud through a platform coming . Specifically , Upwind aim to tackle the rash of alerts that are typically raised by terror detection tools . It claim to slim these alerts by 90 % to center security functioning teams more closely on understanding and responding quicker to real threat .
The company ’s tech deal swarm services ( cover region like exposure management and identity security ) , workloads ( which includes container security and detection and response ) and apps ( including areas like API exposure management ) . To some extent , these are all interrelated , one reason a political program approach makes sense .
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We ’ll update this post as we determine more .
