Cyber unicorn Upwind acquires nine-month-old Aegis for tens of millions

Upwind, the Israeli cybersecurity unicorn developing a cloud infrastructure security platform, is acquiring Israeli cyber startup Aegis in a stock-based deal valued at tens of millions of dollars, just nine months after Aegis was founded. Full list of Israeli startup M&As in 2026 Following the acquisition, Upwind is establishing Upwind AI Labs for Cybersecurity, a new R&D operation focused on emerging cyber threats targeting AI systems and on developing defensive capabilities for organizations deploying AI agents and AI-driven workflows. The deal comes just weeks after Upwind raised $300 million at a valuation of approximately $3.8 billion, more than doubling its valuation from the $1.5 billion it commanded when it raised $250 million in January. Aegis was founded by Omri Limor and Saar Ankonina, both veterans of Unit 8200 who began their careers together in the unit’s offensive cyber operations.