SAN FRANCISCO - Upwind, a cloud security company, has secured $100 million in a Series A funding round to propel its global growth and innovation in the cloud security sector. The round was led by Craft Ventures and included participation from TCV, Alta Park Capital, and all of Upwind's existing investors.
Since its inception in late 2022, Upwind has experienced rapid growth, raising a total of $180 million. The company has been recognized by Fortune 2025 Cyber 60 and The Information's 50 Most Promising Startups for 2024. The new capital will be used to double the company's workforce to nearly 300 employees and expand operations in its offices across Israel, San Francisco, the UK, and Iceland.
The cloud security industry is expanding, with a projected 20% annual growth, reaching an estimated $30 billion by 2024. Upwind's comprehensive cloud security platform, referred to as a Cloud-Native Application Protection Platform (CNAPP) by Gartner (NYSE:IT), offers a unique runtime context that helps organizations prioritize real risks over irrelevant ones. The platform combines multiple security functions, including Cloud Security Posture Management (CSPM), Cloud Workload Protection Platform (CWPP), Cloud Detection and Response (CDR), and more, thus reducing alert fatigue for enterprises.
Amiram Shachar, founder and CEO of Upwind, emphasized the increasing complexity of cloud security and the need for solutions that allow organizations to move quickly and safely. Upwind's platform aims to provide clear cloud topologies and visibility, enabling teams to concentrate on critical threats and fostering collaboration between security and DevOps teams.
Investors have expressed confidence in Upwind's approach. Michael Robinson of Craft Ventures highlighted the company's next-generation cloud security platform and its embrace by the market. Morgan Gerlak of TCV pointed to the significant potential for growth in the cloud security market over the next decade. Carson Fullard of Alta Park Capital noted the importance of runtime detection and response in cloud security and commended Upwind for addressing this need with a superior platform.
The investment reflects enterprise customers' growing confidence in Upwind's ability to address real-time cloud security challenges. This news is based on a press release statement.
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