Marissa Newman / Bloomberg : AI and cloud cybersecurity startup Upwind Security raised $400M led by Bessemer at a $3.8B valuation, up from $1.5B in January, for $830M in total funding — Upwind Security, a San Francisco-based startup offering cybersecurity for artificial intelligence and cloud applications …
AI and cloud cybersecurity startup Upwind Security raised $400M led by Bessemer at a $3.8B valuation, up from $1.5B in January, for $830M in total funding (Marissa Newman/Bloomberg)
In short
The San Francisco-based firm secured $400 million in a new financing round spearheaded by Bessemer. The deal brings the cybersecurity firm's total capital raised to $830 million and values the enterprise at $3.8 billion. Upwind will deploy the proceeds to expand protective services for organizations operating artificial intelligence and cloud applications.
Key points
- Demand for artificial intelligence and cloud-based enterprise cybersecurity continues to…: Demand for artificial intelligence and cloud-based enterprise cybersecurity continues to attract major venture investments.
- The startup's valuation grew rapidly from $1.5 billion in January to $3.8 billion today.: The startup's valuation grew rapidly from $1.5 billion in January to $3.8 billion today.
- The newly secured capital will fund security solutions for businesses deploying advanced…: The newly secured capital will fund security solutions for businesses deploying advanced software.