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U.S.-Israeli cloud security firm Upwind raises $100 million

By Thomson Reuters Dec 2, 2024 | 7:09 AM

JERUSALEM (Reuters) – U.S.-Israeli cloud security provider Upwind said on Monday it raised $100 million in a private funding round led by David Sacks’ Craft Ventures and bringing total funding to $180 million.

The funds, it said, would go toward its global expansion.

Upwind did not disclose its valuation but a source close to the deal said the company, founded in 2022, was now valued at about $900 million, triple that of a year ago.

(Reporting by Steven Scheer, Editing by Louise Heavens)