This Upwind company profile covers the company's valuation, revenue, funding rounds, investors and history. Upwind works in cybersecurity, with a focus on cloud security. It was founded in 2022 and is headquartered in San Francisco, California, United States. Its latest valuation on record is US$3.8 billion (reported) (September 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Reported later round | Bloomberg reported Upwind was raising US$300 million at a US$3.8 billion valuation | 2026 | Globes |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 2026 | Series C | US$300M | US$3.8B (reported) | Bessemer Venture Partners (lead); existing investors | Globes |
| Jan 2026 | Series B | US$250M | US$1.5B | Bessemer Venture Partners (lead); Salesforce Ventures, Picture Capital | SecurityWeek |
| Dec 2024 | Funding round | US$100M | About US$900M | See source | Calcalist |
Upwind timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2022 — Upwind is founded in San Francisco by Amiram Shachar (CEO) and co-founders.
- Dec 2024 — Funding round: US$100M, valuing the company at About US$900M.
- Jan 2026 — Series B: US$250M, valuing the company at US$1.5B. Investors: Bessemer Venture Partners (lead); Salesforce Ventures, Picture Capital.
- Sep 2026 — Series C: US$300M, valuing the company at US$3.8B (reported). Investors: Bessemer Venture Partners (lead); existing investors.
- 2026 — Reported later round: Bloomberg reported Upwind was raising US$300 million at a US$3.8 billion valuation.
Investors
Overview
Upwind is a cloud security company that protects applications running in cloud environments. Its platform focuses on runtime, watching what actually happens inside running workloads, such as containers and virtual machines, to detect threats, prioritise real vulnerabilities and investigate incidents. Many cloud security tools scan configurations and code for possible problems; Upwind argues that runtime data shows which risks are actually exploitable, cutting noise for security teams. In January 2026 it raised a US$250 million Series B at a US$1.5 billion valuation, led by Bessemer Venture Partners, and Bloomberg later reported it was raising US$300 million at US$3.8 billion.
Amiram Shachar, the CEO, founded Upwind in 2022 with co-founders. Shachar previously founded Spot, a cloud cost optimisation company acquired by NetApp. Upwind has teams in the US and Israel, which has produced many leading cloud security companies, including Wiz.
Products
- Runtime protection: detection and response for threats in running cloud workloads.
- Cloud security posture management: finding misconfigurations across cloud accounts.
- Vulnerability management: prioritising vulnerabilities based on runtime context.
- API security and application security: protecting APIs and code paths.
- Investigation tools: timelines and context for incident response, with AI assistance.
Funding
Upwind raised early funding from investors including Greylock Partners and Cyberstarts. In December 2024 it raised US$100 million, which roughly tripled its valuation to about US$900 million; sources differ on whether this was its Series A or B. In January 2026 it announced a US$250 million Series B at a US$1.5 billion valuation, led by Bessemer Venture Partners with Salesforce Ventures and Picture Capital, bringing total funding to about US$430 million. Bloomberg subsequently reported that Upwind was raising US$300 million at a US$3.8 billion valuation, with Bessemer and TCV leading, according to Dealroom; we use the confirmed US$1.5 billion figure until the later round is confirmed.
Business model
Upwind sells subscriptions to its cloud security platform, priced by cloud workloads protected and modules used. Customers range from fast-growing cloud-native companies to large enterprises.
Competition
Upwind competes with Wiz (which Google agreed to acquire in 2025), Palo Alto Networks' Prisma Cloud, CrowdStrike, Sysdig, Orca Security, Aqua Security and others in cloud-native application protection platforms (CNAPP). Its differentiation is a runtime-first approach.
Upwind at a glance
Upwind is a cloud security company founded in 2022 by Spot founder Amiram Shachar, with teams in San Francisco and Israel. It protects cloud workloads using runtime data. It raised a US$250 million Series B in January 2026 led by Bessemer at a US$1.5 billion valuation, followed in September 2026 by a reported US$300 million round at US$3.8 billion.
Timeline
- 2022: founded.
- December 2024: raises US$100 million at about US$900 million.
- January 2026: raises US$250 million at US$1.5 billion.
- September 2026: reported US$300 million round at US$3.8 billion, led by Bessemer.
Why runtime matters in cloud security
Cloud environments often contain thousands of workloads and generate long lists of potential vulnerabilities and misconfigurations. Security teams can't fix everything, so prioritisation is critical. Runtime visibility shows which vulnerable software is actually loaded and reachable, which processes communicate with the internet, and what unusual behaviour is happening, helping teams focus on real risks and detect active attacks. Combining posture scanning with runtime data is a major trend in cloud security.
Who funds Upwind
Upwind's investors include Bessemer Venture Partners, Salesforce Ventures, Picture Capital, Greylock Partners, Cyberstarts and, according to reports, TCV.
Who uses Upwind
Upwind's customers include technology companies and enterprises running workloads on AWS, Microsoft Azure and Google Cloud.
Valuation context
Upwind's valuation rose rapidly as investors sought the next major cloud security company after Wiz. Our guide to cybersecurity unicorns compares it with peers.
Risks
- Competition: large security vendors bundle cloud security.
- Market consolidation: Google's agreed acquisition of Wiz could reshape the market.
- Rapid growth: scaling sales and support quickly.
Questions for buyers
- How does it deploy, and what overhead does it add to workloads?
- Which clouds and workload types are supported?
- How does it integrate with existing security tools?
Israel's cloud security ecosystem
Israel has produced an outsized share of the world's leading cybersecurity companies, from Check Point and CyberArk to newer firms such as Wiz, Cato Networks and Cyera. Military intelligence units train many engineers in security, and a dense network of founders, investors and experienced executives helps new companies form quickly. Specialist investors such as Cyberstarts back many of these startups early. Upwind's founding team draws on this ecosystem while building its commercial presence in the US, where most large cloud customers are based. Spot's sale to NetApp gave Amiram Shachar experience scaling a cloud infrastructure company and selling to enterprises.
How security teams use Upwind
A security team at a software company might deploy Upwind's sensors across its Kubernetes clusters. Instead of a list of thousands of vulnerabilities, it sees which vulnerable packages are actually running and exposed to the internet, which it fixes first. If a container suddenly starts communicating with an unknown server or running unusual processes, Upwind raises an alert with context, helping the team investigate quickly. Developers receive prioritised findings tied to the code and services they own, making remediation faster.
Running a proof of concept
Teams evaluating Upwind usually compare how many of their alerts it marks as genuinely exploitable, how long deployment takes and how well its findings fit their developers' workflows. A proof of concept across a representative cluster is the most reliable test.
The CNAPP market
Cloud-native application protection platforms combine several previously separate tools: posture management, workload protection, vulnerability scanning, identity analysis and code security. Buyers increasingly prefer a single platform rather than many point products, which has driven consolidation and large valuations. Google's agreement to acquire Wiz, one of the fastest-growing companies in this market, showed how valuable leading platforms can be, and encouraged investors to back challengers such as Upwind.
Latest developments (October 2026)
Upwind's valuation more than doubled in 2026. Israeli newspaper Globes reported in September that the cloud security company was completing a US$300 million round at US$3.8 billion, led by Bessemer Venture Partners, eight months after its US$1.5 billion Series B. Globes said revenue was under US$20 million in 2025 but could reach US$100 million in annual recurring revenue by the end of 2026, according to its sources. See our cybersecurity unicorns guide.
What to watch
Watch confirmation of the reported US$3.8 billion round, customer growth and competition after Google's deal for Wiz.
Takeaways
Security teams can focus on exploitable cloud risks. Founders can see how repeat founders raise quickly. Investors should note the gap between confirmed and reported valuations.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Upwind do?
Upwind is a cybersecurity / cloud security company headquartered in San Francisco, California, United States. It was founded in 2022.
What is Upwind's valuation?
Upwind was valued at US$3.8 billion (reported) as of September 2026, according to Globes. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Upwind make?
Upwind is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Upwind's latest funding round?
The most recent financing we have verified is a series c in Sep 2026: US$300M, at a valuation of US$3.8B (reported). Source: Globes.
Who are Upwind's investors?
Investors named in public announcements include Bessemer Venture Partners, Salesforce Ventures, Picture Capital, TCV, Greylock Partners and Cyberstarts.
Who founded Upwind?
Upwind was founded in 2022 by Amiram Shachar (CEO) and co-founders.
Is Upwind a public company?
No. Upwind is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Upwind headquartered?
Upwind is headquartered in San Francisco, California, United States.