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Upwind raises Series C at a $3.8 billion valuation

31 OCTOBER 2026·2 MIN READ·5 SOURCES

Cybersecurity startup Upwind has raised a Series C that values the company at $3.8 billion, according to Bloomberg. Upwind says Bessemer Venture Partners led the round and that its total funding now exceeds $800 million.

Upwind raises Series C at a $3.8 billion valuation

Key takeaways · 4

  • 01

    The Series C values Upwind at $3.8 billion, and Bessemer Venture Partners led it, according to the company and Bloomberg.

  • 02

    Upwind says total funding now exceeds $800 million; the company has not provided a Series C amount in the evidence available here.

  • 03

    The company says it will expand product and engineering with the new capital.

  • 04

    Upwind’s January 2026 Series B raised $250 million and brought total investment at that time to more than $430 million, the company said.

Funding and investors

Bloomberg reports that the financing values Upwind at $3.8 billion.[1] Upwind says Bessemer Venture Partners led the Series C and lists Greylock Partners, Cyberstarts, Craft, Salesforce Ventures, Alta Park, Picture Capital, Swish Ventures, Cerca Partners, TCV, Penny Jar and Leaders Fund in its announcement.[2] The company also said it was excited to welcome Canapi Ventures.[2] Upwind put its total funding at more than $800 million following the financing.[2] The available evidence does not specify the Series C’s dollar amount.

What the capital will support

The company says it is developing AI sensors for endpoints, scanners for agents and skills, and a redesigned inventory graph.[2] It describes its approach as “endpoint-to-code-to-cloud.”[2] These are company descriptions of its plans and product approach; the evidence does not provide independent performance results for the tools.

Recent financing context

Upwind said its Series C came less than nine months after it announced a $250 million Series B.[2] The company’s account of that January 2026 Series B says it brought total investment at the time to more than $430 million.[5] TechCrunch reported that Upwind walked away from an acquisition offer from Datadog and characterized the offer as being for the same price.[3]

Company profile and positioning

Bloomberg describes Upwind as a San Francisco-based startup offering cybersecurity for artificial intelligence and cloud applications.[1] Upwind says it is building a platform to secure cloud and AI infrastructure, and describes its work as spanning endpoints, code and cloud.[2] The company also characterized itself as one of the most capitalized companies focused on cloud and AI security.[2] That characterization is Upwind’s own; the supplied evidence does not include a comparative market analysis.

For teams evaluating cloud and AI security, Upwind’s stated product plans indicate where it intends to invest: product development and engineering, including tools for endpoints and AI agents. The funding and valuation are useful signals about the company’s financing position, but they do not establish product effectiveness or suitability for a particular environment.

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How this developed

  1. 31 October 2026

    Upwind raises Series C at a $3.8 billion valuation

Sources

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