Upwind raises $250m to expand runtime-first cloud security for AI applications
Series B led by Bessemer brings total funding to $430mn as company reports 900% revenue growth
Cloud security firm Upwind has raised $250 million in a Series B financing round led by Bessemer Venture Partners, bringing its total funding to $430 million.
The round also included participation from Salesforce Ventures and Picture Capital, along with existing backers including Greylock, Cyberstarts, Leaders Fund, Craft Ventures, TCV, Alta Park, Cerca Partners, Swish Ventures and Penny Jar Capital.
Upwind said the investment marks the beginning of what it calls “The Next Wave” – a push to scale its runtime-first security platform for artificial intelligence and real-time cloud-native applications.
“Cloud infrastructure has changed faster than the security models designed to protect it,” said Amiram Shachar, Co-Founder and Chief Executive of Upwind.
Since its previous funding round, the company has reported 900 per cent year-on-year revenue growth and doubled its customer base. It now employs over 300 staff, up from 150, and secures millions of cloud workloads for clients including Waste Management, Siemens, Carvana, Roku, ClickUp, Wix, Nubank, Agoda, Peloton, Fiverr and BILL.
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Upwind said its customers have seen a 98 per cent reduction in security alerts and 60 per cent fewer irrelevant common vulnerabilities and exposures (CVEs). The company has added more than 100 partners across independent software vendors, managed service providers and resellers.
It also announced a strategic partnership with NVIDIA and deeper integrations with Microsoft Azure and Amazon Web Services. The new capital will be used to grow its platform capabilities across data, artificial intelligence and code, as well as to expand globally and invest in product development, go-to-market strategy and customer support.
The Recap
- Upwind raised $250 million in a Series B round.
- The company reports 900% revenue and 200% logo growth.
- Funds will expand product across data, AI and code.
