Cloud security startup Upwind has opted to remain independent after turning down an acquisition proposal from Datadog. Despite the offer to be bought out, the company chose to instead secure a Series C funding round.
The latest investment brings in $400 million and places the company's valuation at $3.8 billion. This valuation mirrors the price point of the rejected acquisition offer from Datadog.
What it means
By choosing a capital raise over a buyout, Upwind is betting on its own growth potential rather than integrating into an existing platform. The move signals confidence in the firm's ability to scale its security offerings independently in a competitive cloud market.