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
