Spin Technology Raises $16M To Protect Saas Apps Against Attacks
08/09/22, 12:00 PM
Location
palo altoMoney raised
$16 million
Industry
network security
cyber security
security
saas
artificial intelligence
Spin Technology, a data protection software vendor catering to enterprise clientele, today announced that it raised $16 million in a Series A round led by Blueprint Equity with participation from Santa Barbara Venture Partners and Blu Venture Investors. CEO Dmitry Dontov said that fresh capital — which values Spin at $55 million post-money — will be put toward supporting growth, expanding Spin’s software-as-a-service (SaaS) offerings, and growing the startup’s marketing, sales and engineering teams.
Company Info
Location
palo alto, california, united states
Additional Info
Spin.AI is a leading SaaS security company dedicated to safeguarding enterprises against security risks. Spin.AI offers SSPM, SaaS DLP, SaaS ransomware protection, and SaaS Backup for more than 1,500 organizations worldwide to enhance cyber resilience, streamline security operations, and reduce security costs.