Cybersecurity continues to be of great interest to enterprises on the lookout for higher protection against malicious hackers, and VCs wish to be a part of it. In a recent example, TechCrunch learned and confirmed this Against the wind — a specialist in assessing and securing cloud infrastructure — is closing in on a $100 million round at a post-money valuation of $850-900 million.

New and existing investors participating within the round include Craft Ventures, Greylock, CyberStarts, Leaders Fund, Omri Casspi’s Sheva Fund and basketball star Steph Curry’s Penny Jar investment fund. The round is in the ultimate closing phase – this might occur inside a few days – and will include additional investors.

The round, a Series B, comes hot on the heels of the corporate acquiring “dozens” of Fortune 500 corporations and growing its workforce to about 160 people, the source said.

This is a significant step for Upwind, which previously raised just over $77 million, including: $50 million round in September 2023. Upwind’s latest round valuation was $300 million. It will spend part of the funds on research and development, and part on employment, and plans to employ about 100 people in Israel, San Francisco… and Iceland.

Upwind was founded by Amiram Shachar, who sold his previous company, cloud expense management startup Spot.io, to NetApp for $450 million. It is an element of a guard of cybersecurity startups founded in Israel by teams that cut their teeth originally working in areas corresponding to military intelligence.

In this case, it’s also one of many corporations within the industry specializing in cloud vulnerabilities through a platform approach. Specifically, Upwind goals to take care of the flood of alerts which are typically generated by threat detection tools. It claims to cut back the number of these alerts by 90% to focus security operations teams more on understanding real threats and responding to them faster.

The company’s technology includes cloud services (including areas corresponding to vulnerability management and identity security), workloads (including container security and detection and response), and applications (including areas corresponding to API vulnerability management). To some extent, all of these issues are interconnected, which is one of the the explanation why a platform approach is smart.

We will update this post as we learn more.

Jack Dorsey’s Block is reportedly scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z. shareholder’s letter on Thursday. Block can be shutting down TBD, the corporate’s Bitcoin-focused division that previously got down to construct a decentralized Internet, dubbed “Web5.” These cuts will allow the corporate to speculate in its Bitcoin mining and cryptocurrency portfolio.

“We are reducing our investment in TIDAL and liquidating TBD,” Block said in the letter. “This gives us space to invest in our bitcoin mining initiative, which has good product market fit and a healthy demand pipeline, as well as Bitkey, our bitcoin self-management wallet.”

Here’s the newest effort by the corporate behind the Square and Cash apps to chop costs. According to. Block has laid off employees in recent weeks Fortuneand apparently told employees not to debate board member Jay-Z in emails or Slack messages.

According to him, the CEO of Canadian cryptocurrency company WonderFi was kidnapped and held for ransom on Wednesday CBC. Dean Skurka was reportedly forced right into a vehicle in downtown Toronto during rush hour and escaped unhurt after electronically sending $1 million (possibly CAD) to his kidnappers.

The CEO of WonderFi is the most recent cryptocurrency star to fall victim to a brutal attack. This is the 171st case of physical violence geared toward stealing cryptocurrency, a security company tells CBC.

Skurek’s company reported results for the third quarter the day before the incident, generating C$41 million in revenue over the past nine months. Meanwhile, Bitcoin’s price rose above $76,000 this week, reaching a brand new record high for the digital currency.

WonderFi is endorsed by Shark Tank co-host Kevin O’Leary and is some of the well-known publicly traded crypto corporations in Canada, in response to Cointelegraph.