Upwind, a cybersecurity company specializing in cloud infrastructure security, is reportedly close to securing a US$100 million series B funding round.

Sources say this will value the firm between US$850 million and US$900 million.

Craft Ventures, Greylock, CyberStarts, Leaders Fund, Sheva Fund, and Penny Jar, owned by Steph Curry, are participating investors.

The new capital will support Upwind’s research and development expansion and workforce growth.

The company aims to add around 100 new employees across Israel, San Francisco, and Iceland.