Israeli cybersecurity startup backed by Steph Curry’s Penny Jar raises $50m

Israeli cybersecurity startup Upwind has raised $50m in a funding round which featured Steph Curry’s Penny Jar Capital.

The financing round led by Greylock Partners, Cyberstarts and Leaders Fund, but also featured participation from the firm which is backed by the four-time NBA champion, brings the company’s total funds raised to $80 million since it was founded last year.

It is anticipated that the funds will be used to boost the startup in its quest to shift the paradigm in regards to cloud security.

Upwind CEO Amiram Shachar, said: “In the past year, we worked with hundreds of CISOs and security engineers, to get a mile-deep understanding of their biggest security challenges and priorities.

“Through this process, we discovered major hurdles facing security teams and understood that the right, most complete way to solve them is at runtime. Upwind is shifting the paradigm of cloud security and redefining CNAPP (Cloud Native Application Protection Platform) with runtime insights.

“We firmly believe that a runtime-centered security strategy is going to become a big part of every enterprise and mid-market organization, because runtime fills the biggest gaps between Dev and Ops and gives security teams the most accurate view of their cloud environment.”

Upwind has developed a security platform that protects cloud infrastructure in real time by leveraging runtime data to provide enterprises with comprehensive visibility into their cloud applications and infrastructure.

In other Israeli FinTech news, InsurTech Vesttoo continues to be mired in the midst of its LoC fraud scandal.

Most recently, Markel Bermuda Limited (MBL) was appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of the company.

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