How much funding did Upwind raise in its latest round?
Upwind raised a $400 million Series C round, according to TechCrunch (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026). Dealroom reported that the round was about $300 million (Dealroom, “Upwind raises $300M, valuation jumps to $3.8B in eight months”, n.d.). Both sources agree the financing valued the company at roughly $3.8 billion.
What valuation was Upwind set at after the new funding?
The new financing placed Upwind’s post‑money valuation at $3.8 billion (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026). Dealroom also cites a $3.8 billion valuation for the round (Dealroom, “Upwind raises $300M, valuation jumps to $3.8B in eight months”, n.d.).
Why did Upwind reject Datadog’s acquisition offer?
Datadog’s proposal did not include a premium above the $3.8 billion valuation set by venture investors, prompting Upwind to stay independent (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026). A source familiar with the deal confirmed that the lack of a premium was the decisive factor (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026).
Who led the Series C round and which investors participated?
Bessemer Venture Partners led the Series C round, with participation from existing backers Greylock Partners and Craft Ventures (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026). Dealroom adds that TCV, Salesforce Ventures, Cyberstarts, Leaders Fund, Alta Park Capital and Penny Jar Capital also participated (Dealroom, “Upwind raises $300M, valuation jumps to $3.8B in eight months”, n.d.).
How is Upwind’s revenue growth projected after the funding?
Upwind is adding $20 million to $30 million in annualized recurring revenue (ARR) each quarter and is projected to end the year at roughly $90 million ARR (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026). This growth translates to a valuation multiple of more than 40 times forecast ARR (TechCrunch, “Upwind raises $400M after walking away from Datadog acquisition offer”, 28 October 2026).
Funding History Overview
| Round | Amount Raised | Valuation | Lead Investor |
|---|---|---|---|
| Series B (Jan 2026) | $250 million | $1.5 billion | — |
| Series C (Oct 2026) | $400 million (TechCrunch) / ~$300 million (Dealroom) | $3.8 billion | Bessemer Venture Partners |
Sources
- TechCrunch — Upwind raises $400M after walking away from Datadog acquisition offer — detailed report of the $400 M Series C, valuation, investors, and ARR projections.
- Dealroom — Upwind raises $300M, valuation jumps to $3.8B in eight months — alternative funding amount and additional investor list.
- Techmeme — Sources: Datadog offered to acquire Israeli cloud … — confirmation of Datadog’s near‑$4 billion acquisition offer and ongoing $300 M round.
- Globes — Israeli-UK VC firm 83North closes $400m fund — mentions Upwind’s $400 M raise and rejection of a $4 billion offer.