As cybersecurity threats persistently escalate, businesses are compelled to invest in robust protection measures, making it an attractive venture for venture capitalists seeking returns. TechCrunch has confirmed that CloudSight, a specialist in cloud infrastructure assessment and security, is reportedly closing in on a $100 million funding round valuing the company at $850-$900 million post-money.
The spherical portfolio comprises a diverse mix of both new and established investors, including prominent firms such as Craft Ventures, Greylock, and Cyberstarts, as well as notable funds like Leaders Fund, Omri Casspi’s Sheva Fund, and Steph Curry’s Penny Jar investment vehicle. As the cryptocurrency’s closing phases near completion, which could happen within days, the upcoming round will attract even more traders.
A fast-growing startup, The Spherical, has swiftly followed the news that it has acquired dozens of Fortune 500 companies, expanding its workforce to approximately 160 employees, according to a reliable source.
Upwind has made a significant stride, having previously secured just over $77 million in funding, including a notable influx in September 2023. Upwind’s final valuation, following the most recent funding round, was approximately $300 million. Will probably be utilizing among the funding for R&D, and a few for hiring, with plans so as to add round 100 individuals throughout Israel, San Francisco… and Iceland.
Amiram Shachar founded Upwind, which was spun out of his previous company, Spot.io, a cloud spend administration startup that he sold to NetApp for $450 million. Israeli cybersecurity startups backed by groups that originated from military backgrounds, such as army intelligence, where individuals initially worked in areas like defense and national security.
Given the current market dynamics and increasing concerns about cloud security, many companies in this space focus on identifying and addressing vulnerabilities through their platform approach. Notably, Upwind aims to address the deluge of false alarms triggered by threat-detection systems. The system purportedly reduces false alarms by a substantial 90%, thereby allowing the safety operations teams to concentrate their efforts more intensively on promptly detecting and addressing specific, actual threats.
The corporation’s technology portfolio encompasses cloud providers, covering domains such as vulnerability management and identity security, in addition to workloads featuring container security and detection and response capabilities. App-focused initiatives include API vulnerability management and other relevant areas. Since various components are interconnected to some degree, making a platform strategy intelligent in that regard.
As our understanding evolves, we will update this publication accordingly.
