Israeli cybersecurity company Upwind Security is reportedly nearing the completion of a $100m funding round to bolster its cloud security platform and expand market reach, according to TechCrunch.

This financing round is estimated to value the company between $850m and $900m.

The funding is said to involve investors such as Craft Ventures, Greylock, CyberStarts, Leaders Fund Capital, Sheva VC Fund, and Penny Jar Capital.

Founded by Amiram Shachar and the founding partners from Spot, a compute management company acquired by NetApp for $450m in 2020, Upwind was launched publicly with a $50m round in September 2023.

The company offers software and online solutions that aim to ensure the security of cloud infrastructure and cloud runtime environments.

Upwind’s cloud-native application protection platform uses runtime data to secure cloud infrastructure, alleviate critical risks, identify root causes of threats, and automate responses with contextual precision.

Furthermore, the platform offers protection for Kubernetes and container-based services leveraging eBPF DaemonSets and Kubernetes audit logs, enabling real-time threat detection at the operating system and network levels.

The platform also provides continuous visibility into workloads, offering insights into infrastructure behaviour during runtime.

Upwind’s suite of features includes application programming interface discovery and real-time protection, allowing enterprises to gain deep visibility into all APIs, sensitive data flows, and potential threats.

The posture management solutions of the company aid users in evaluating and enhancing overall cloud security posture.

Upwind’s offering can also combine runtime data with build-time insights, optimising security processes for development, security, and operations teams.