CU InfoSecurity Unknown date Security Texas Relevant

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

Source: CU InfoSecurity
Published: Unknown date

Summary

Upwind is raising over $250 million at a valuation of $1.2 billion to $1.5 billion; the funding will help with cloud security efforts against competitors like Palo, CrowdStrike, and Wiz.

Why It Matters for Texas Credit Unions

Relevant as it pertains to cybersecurity measures that could impact Texas credit unions.

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.