Upwind pursues $300M at $3.8B, seven months after its Series B

Bessemer is leading the reported financing, which would bring Upwind's disclosed funding to about $728M across its listed rounds if it closes.

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Primary source: Bloomberg Technology

Why it matters

Upwind's proposed valuation is roughly 2.5 times its January mark after the company reported 900% revenue growth and a doubled customer base. The pending financing puts pressure on Upwind to convert that growth into revenue capable of supporting a $3.8B price.

A towering, modern security structure crafted from dark glass and glowing blue light, rising from a vast digital network under a twilight sky.

Amiram Shachar and fellow repeat founders Tal Zur, Lavi Ferdman and Liran Polak are pursuing $300 million in financing for Upwind Security at a $3.8 billion valuation, Bloomberg reported Wednesday, citing people familiar with the matter.…

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