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Spin Technology Raises $16M To Protect Saas Apps Against Attacks

PRIVATEAug 09, 2022

Amount Raised

$16 Million

Round Type

Funding Round

Palo AltoOtherArtificial IntelligenceSecurityCyber SecurityNetwork SecuritySaaS

Description

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.

Quick answer

Spin.AI raised $16 Million in a Funding Round round, dated August 9, 2022. Spin.AI is based in Palo Alto, California, United States.

How much did Spin.AI raise?
Spin.AI raised $16 Million in a Funding Round round on August 9, 2022.
What does Spin.AI do?
Spin.AI is a leading SaaS security company dedicated to safeguarding enterprises against security risks.
Where is Spin.AI based and how big is it?
Spin.AI is based in Palo Alto, California, United States. Fundz records about 108 employees.
Who are the decision-makers at Spin.AI?
Fundz holds 1 contact at Spin.AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Spin.AI that raised within 45 days of this round, from Fundz verified event records.

  • Malwarebytes raised $100M (Funding Round) on September 21, 2022.
  • Nightfall AI raised $40M (Series B) on August 10, 2022.
  • Tidal Cyber raised $4.2M (Seed) on September 23, 2022.
  • Fidelis Cybersecurity raised an undisclosed amount on September 15, 2022.
  • Opus Security raised an undisclosed amount (Funding Round) on September 13, 2022.
  • Open Raven raised $20M (Series B) on September 8, 2022.

Who to call at Spin.AI, and when

A new round usually means Spin.AI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Spin.AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Spin.AI, from your own LinkedIn network

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Company Information

Company

Spin.AI

Location

Palo Alto, California, United States

About

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.

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Spin.AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.