Spin Technology: Raises $16M in Series A Funding

Spin Technology Raises $16M in Series A Funding

• Spin Technology, Inc., a Palo Alto, CA-based developer of a SaaS data protection platform for mission-critical SaaS apps, closed a $16m Series A financing
• The round was led by Blueprint Equity with participation from Santa Barbara Venture Partners and Blu Venture Investors
• In conjunction with the funding, Blueprint Equity Sheldon Lewis, Santa Barbara Venture Partners Dan Engel, and Blu Venture Investors Robert Struble will take seats on Spin’s Board
• The company intends to use the funds to accelerate growth, expand its SaaS offerings, and grow the marketing, sales, and engineering teams
• SpinTechnology provides ‘SpinOne,’ a SaaS data protection platform designed specifically for mission-critical SaaS apps