Spin Technology is an AI-powered SaaS application security startup that leverages AI/ML to protect data in cloud SaaS applications such as Google Workspace, Microsoft Office 365, and Salesforce against ransomware, human error, and insider threats. The SpinOne platform provides automated monitoring and incident response against ransomware attacks on SaaS data. It also provides data leak prevention (DLP), backup and recovery, and automated risk assessments of cloud SaaS apps and browser extensions.
Key customers and partnerships
Spin Technology served more than 1,600 organizations globally, as of August 2022.
Funding and financials
In August 2022, the company raised USD 16 million at a USD 55 million valuation in a Series A funding round led by Blueprint Equity. The funds were utilized to expand its SaaS offerings, accelerate growth, and grow its headcount of over 50 employees across the marketing, sales, and engineering departments.
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