Datadog Offered to Buy Security Startup ‘Upwind’ For Nearly $4 Billion

AI Summary

Datadog reportedly offered nearly $4 billion to acquire cloud cybersecurity startup Upwind Security, which has not accepted the offer. Upwind is also finalizing a $300 million funding round at an approximately $3.8 billion valuation.

Enterprise software firm Datadog recently offered to buy cloud cybersecurity startup Upwind Security for nearly $4 billion, the latest sign of white-hot interest in such firms, according to someone with direct knowledge of the talks. Upwind, which hasn’t accepted the offer, is finalizing a $300 million funding round at a roughly $3.8 billion valuation, meaning the offer doesn’t carry much of a premium over the private valuation, said two people with knowledge of the situation. The startup sells software to keep tabs on applications, including so-called AI agents, that run in the cloud and to detect and automatically respond to potential evidence of hacks or breaches.