Why Upwind Is Eyeing $250M of Funding at a $1.5B Valuation

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Operational Brief

Upwind is raising over $250 million at a valuation of $1.2 billion to $1.5 billion; the company has tripled its valuation since December 2024.

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Original Source Material

More Dry Powder Will Help Cloud Security Sweepstakes Against Palo, CrowdStrike, Wiz Upwind is in talks with Bessemer Venture Partners and Picture Capital to raise more than $250 million at a valuation of $1.2 billion to $1.5 billion, Calcalist reported. Upwind in December 2024 closed a $100 million Series A round and tripled its valuation over the prior 15 months to $900 million.