---
title: "Upwind’s $300M at $3.8B: Cloud Security After the Wiz Vacuum"
description: "Bessemer and TCV reportedly led Upwind’s ~$300M Series C at ~$3.8B — more than doubling January’s ~$1.5B mark — as buyers seek non-Wiz/Google cloud security alternatives."
date: 2026-09-04T00:00:00.000Z
tags: ["2026-vc-news", "startup-funding", "venture-capital", "cybersecurity", "cloud-security"]
source: https://venturecapitaltracker.com/2026-upwind-300m-series-c-3-8b
---

# Upwind’s $300M at $3.8B: Cloud Security After the Wiz Vacuum

> Bessemer and TCV reportedly led Upwind’s ~$300M Series C at ~$3.8B — more than doubling January’s ~$1.5B mark — as buyers seek non-Wiz/Google cloud security alternatives.

**Bessemer Venture Partners** and **TCV** reportedly led **Upwind’s roughly $300 million** Series C in early **September 2026**, valuing the Israeli cloud-security company at about **$3.8 billion** (CTech, SiliconANGLE, Globes). That more than doubles the **~$1.5–1.6 billion** mark from January’s **$250 million** Series B. Salesforce Ventures, [Greylock Partners](/fund/greylock-partners), Craft Ventures, Cyberstarts, Leaders Fund, and Alta Park Capital participated.

**Spine:** Google’s Wiz acquisition created a multi-cloud buyer problem — and investors are capitalizing the clearest independent alternatives at unicorn-plus speed.

## Key facts

| Field | Detail |
| --- | --- |
| Company | [Upwind](/startup/upwind) (Israel) |
| Round | **~$300M** Series C |
| Valuation | **~$3.8B** |
| Co-leads | [Bessemer](/fund/bessemer-venture-partners), TCV |
| Prior | **$250M** Series B at **~$1.5B** (Jan 2026) |
| Founder | Amiram Shachar (serial) |
| ARR path | Globes sources: mid-year ~$50–60M run, toward ~$100M ARR YE (estimates) |
| Confidence | **Reported** (Globes “set to raise”; CTech/SiliconANGLE sizing) |

## Who uses the product — and for what job

**Users:** security and platform teams at cloud-native enterprises that need runtime/cloud risk prioritization without depending on a vendor now owned by Google.

**Job:** automate detection and triage of **real** cloud risks (noise down, actionable alerts up) across AWS/Azure/GCP-style estates — Globes noted enhanced distribution agreements with Amazon and Microsoft after the Wiz–Google deal.

## Why now

- **Wiz → Google** reframed competitive dynamics: some buyers want a non-Google CNAPP path even if Wiz remains multi-cloud.
- Valuation climb from **~$1.5B (Jan 2026)** to **~$3.8B** in under a year is the anomaly — pricing scarcity of scaled independents.
- AI workloads expand cloud attack surface; automated prioritization is the purchasing language of 2026 security budgets.

## Why Bessemer / TCV — portfolio fit

Bessemer is a returning lead — continuity on a cyber franchise it already marked up. TCV adds later-stage growth capital for a company crossing toward nine-figure ARR ambition. Salesforce Ventures’ presence (after a smaller intervening investment at ~$1.6B per CTech) signals platform adjacency.

**Likely founder rationale:** raise into the post-Wiz demand surge with existing leads who already diligenced product and GTM, rather than reset the board for a new brand-name fund.

| Dimension | Fit |
| --- | --- |
| Stage | Series C growth |
| Thesis | Independent CNAPP after category consolidation |
| Risk | Hyperscaler-native security suites; other Israel cyber peers (Sweet, Echo, etc.) |

## Competitive map

| Player | Lane |
| --- | --- |
| Wiz (Google) | Category leader, now strategic |
| Palo Alto / CrowdStrike cloud modules | Suite incumbents |
| Other CNAPP specialists | Share-of-wallet fight |

## What remains undisclosed

Exact close date wording varies (“set to” vs. closed); treat sizing/valuation as **well-sourced reported** until a full company release. ARR figures are **Globes source estimates**.

## Takeaway

Upwind’s **$3.8B** mark is a post-consolidation trade: **independence + distribution** matter as much as feature parity. The number investors still need is audited ARR vs. the ~$100M year-end whisper.

### Sources

1. SiliconANGLE: https://siliconangle.com/2026/09/03/upwind-reels-in-300m-for-its-automated-cloud-security-platform/
2. CTech: https://www.calcalistech.com/ctechnews/article/0kbwgdw01
3. Globes: https://en.globes.co.il/en/article-upwind-set-to-raise-300m-at-38b-valuation-1001554301

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.