Millionaire Stephen Curry Backed Israeli Investment Firm Raises $50,000,000 to Protect Cloud Users, as per Reports

With each passing day, NBA superstars are expanding their influence beyond the basketball court and into the realm of business. While these instances remain relatively rare, their numbers are on the upswing. Many NBA players have faced financial challenges, from earning millions in the league to experiencing bankruptcy. However, the transition into entrepreneurship has been seamless for a select few. Drawing inspiration from the paths forged by Shaquille O’Neal and LeBron James, Stephen Curry has once again made his mark in the entrepreneurial world.

In his latest endeavor, he’s following in the footsteps of former Golden State Warrior Omri Casspi. Casspi, an NBA veteran and the Israeli National Basketball team captain, has a longstanding history of active involvement in startup culture. The two basketball teammates are coming together for a meaningful cause beyond their on-court mastery.

Stephen Curry helps Israeli Cybersecurity Startup to raise fifty million

Recently, the year-old Israeli startup?Upwind?made a significant announcement. It reveals it has secured $50 million in funding, rapidly raising its total funding to $80 million in just 11 months since its inception. Founded by Amiram Shachar and his partners from?Spot.io, it has garnered support from top cybersecurity investors. It is also supported by a VC fund established by former Warrior Omri Casspi and Penny Jar (a VC fund backed by Stephen Curry).

As of now, Upwind’s valuation has tripled between its two funding rounds, signaling its rapid growth and potential in the cloud security industry. Upwind now values its name at $300 million.

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What does Upwind do?

Upwind has taken a unique approach to cloud security by utilizing runtime data to protect cloud infrastructure in real-time. Their platform thoroughly analyses cloud infrastructure at every level within an enterprise’s cloud-native environment. In turn, it offers security teams unprecedented visibility into their cloud applications.

Additionally, Upwind collaborates with numerous Fortune 500 companies to develop its platform, designed to identify and respond to threats targeting cloud infrastructure. Furthermore, with offices in Tel Aviv and San Francisco, the company currently employs 70 individuals. In an interview, Chief Executive Officer Amiram Shachar stated that the newly secured funding would increase their workforce within a year.

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CEO Shachar previously sold his startup,?Spot.io, to?NetApp Inc. in 2020 for a substantial sum of $450 million. Furthermore, joining hand with Shachar in his new venture are his eight former executives from Spot.io. The executives served with Shachar in the Israel Defense Forces IT unit and oversaw the military’s transition to the cloud.?