Why Upwind Is Eyeing $250M of Funding at a $1.5B Valuation

Upwind is in talks with Bessemer Venture Partners and Picture Capital to raise more than $250 million at a valuation of $1.2 billion to $1.5 billion, Calcalist reported. Upwind in December 2024 closed a $100 million Series A round and tripled its valuation over the prior 15 months to $900 million.