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Cloud security company Upwind acquired Aegis, an Israeli startup focused on stopping AI-generated attacks, CEO Amiram Shachar tells Axios Pro exclusively.

The all-equity deal is valued between $25 million and $50 million, a source tells Axios Pro.

What's next: Upwind will remain aggressive regarding M&A, Shachar says.

The company, which also bought application runtime security startup Nyx last year, has one more deal "on the radar," he says.

"Doing a deal like Aegis every quarter would be ideal."

Behind the scenes: Aegis' founders approached Upwind for strategic partnership and investment as they developed a product. After several months, Upwind decided to acquire the 10-person startup, Shachar says.

Zoom in: Aegis protects against AI attacks, including autonomous exploitation pipelines and large-scale credential harvesting.

Catch up quick: San Francisco-based Upwind reportedly raised $300 million earlier this month at a valuation of $3.8 billion; however, no official announcement has been made.

The company, which was minted as a unicorn earlier this year, is raising a new round that will be announced soon, Shachar says.

Upwind has more than 400 customers and "tens of millions of dollars" in revenue, Shachar says.

The intrigue: Upwind also announced it will launch Upwind AI Labs for Cybersecurity, looking to advance AI security capabilities as AI tools and frontier models generate more attacks.

What they're saying: "AI lives everywhere, including the cloud," Shachar says. "We have to step up and meet the moment."

What we're watching: AI doomsday scenarios are putting a focus on cybersecurity, and more deals in the space seem certain.

Exclusive: Upwind buys AI cybersecurity startup Aegis

The cloud security company will remain aggressive regarding M&A, its CEO says.

Illustration of a robotic hand with a padlock around its finger.

<p>Cloud security company Upwind acquired Aegis, an Israeli startup focused on stopping AI-generated attacks, CEO Amiram Shachar tells Axios Pro exclusively.</p><ul><li>The all-equity deal is valued between $25 million and $50 million, a source tells Axios Pro.</li></ul>

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Exclusive: Upwind buys AI cybersecurity startup Aegis

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