Upwind, an Israeli startup that provides cloud security solutions, has secured $50 million in a funding round that valued the company at $300 million.
The round was led by Greylock Partners, Cyberstarts and Leaders Fund, and included Penny Jar Capital, which counts NBA star Stephen Curry as an anchor investor, and a fund backed by his former teammate Omri Casspi, who is from Israel. Upwind said in a statement to Bloomberg on Tuesday.
The company, which was founded a year ago, said it has developed a platform that can detect and respond to threats to cloud infrastructure. It works with dozens of Fortune 500 companies and has raised $80 million in total. It has 70 employees and offices in Tel Aviv and San Francisco.
Upwind is part of a growing trend of athletes investing in different sectors of sport. For example, Eli Manning, a former NFL quarterback who won two Super Bowls with the New York Giants, became a partner at Brand Velocity Group last year, which acquired a majority stake in Score Sports, a youth league apparel company.
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