Spin Technology, a Palo Alto, CA-based developer of the ultimate all-in-one SaaS data protection platform, announced that it closed a $16 million Series A round of financing.
The round was led by Blueprint Equity, with Santa Barbara Venture Partners and Blu Venture Investors also participating.
The new funding will be used to accelerate growth, expand Spin's SaaS offerings, and grow the marketing, sales, and engineering teams of Spin Technology.
Sheldon Lewis (Blueprint Equity), Dan Engel (Santa Barbara Venture Partners), and Robert Struble (Blu Venture Investors) will take seats on Spin's Board.
Company: Spin Technology, Inc.
Round: Series A
Funding Month: Aug 2022
Lead Investors: Blueprint Equity
Additional Investors: Santa Barbara Venture Partners and Blu Venture Investors
Company Website: https://spin.ai/
Software Category: all-in-one SaaS Data Protection
About the Company: Founded in 2017, Spin Technology is a SaaS data protection company protecting enterprises against SaaS ransomware, human error, and insider threats. SpinOne, the all-in-one SaaS data protection platform for your mission-critical SaaS Apps, extends security across multiple environments, including Google Workspace, Microsoft Office 365, and Salesforce. SpinOne is the ultimate SaaS data protection platform that delivers the most innovative last line of cyber defense, SaaS data management, and protection for more than 1,600 organizations worldwide. Spin Technology delivers the most innovative last line of cyber defense, SaaS data management, and protection for 1,500+ organizations worldwide. Its team consists of 50+ full-time members with the best expertise in IT development and cybersecurity. Spin Technology is headquartered in Palo Alto, California, and has 5 offices in North America and Europe and 400+ partners worldwide.