Israeli cloud security co Upwind raises $50m – TheAdviserMagazine.com>
– FINANCIAL ADVISERS
Israeli cloud security company Upwind has raised $50 million in a new round of funding. The new round was led by U.S.-based venture capital firm Menlo Ventures. The company had previously raised $10 million in two seed rounds. Upwind provides threat detection and mitigation services for cloud environments using machine learning. The company will use the new funding to expand its suite of security services and bolster its sales and marketing efforts. According to a press release, the company’s customers are spread across a wide range of industries, including finance, healthcare, and government. The new funding will also help Upwind accelerate its global growth strategy, which includes the opening of a new office in Britain and new partnerships with regional providers. The company is looking to build out its team of software engineers and security professionals. The rapid growth of cloud computing has been accompanied by new security challenges. Companies are increasingly turning to cloud security services to help protect their data and stay ahead of emerging threats. Upwind’s platform provides automated threat detection and response capabilities to ensure that companies stay ahead of potential threats. The company’s founder and CEO, Oren Rubin, said, “Modern applications and cloud infrastructure are increasingly exposed to malicious
Link: https://theadvisermagazine.com/market-research/business/israeli-cloud-security-co-upwind-raises-50m/