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§ Private Profile · San Francisco
Spin is a technology company.
Spin provides electric scooter and bicycle-sharing services, delivering accessible and sustainable personal mobility. The company designs its proprietary fleet, integrating advanced safety features and intelligent systems like real-time sidewalk detection. This technical approach enhances user experience and operational reliability, supporting efficient urban transportation.
Founded in 2016 by Euwyn Poon, Derrick Ko, and Zaizhuang Cheng, Spin arose from observing evolving urban transit needs. Poon noted the success of dockless bike-sharing in Beijing, identifying a global opportunity for micromobility. This inspired the co-founders to establish Spin, developing innovative solutions for convenient, short-distance travel.
Spin partners with cities and university campuses, integrating electric mobility programs. Its vision focuses on transforming urban movement, striving to be a responsible municipal partner. Spin aims to deliver safe, equitable, and sustainable transportation, expanding access to these options and fostering efficient, connected communities.
Spin has raised $11.8M across 2 funding rounds.
Spin has raised $11.8M in total across 2 funding rounds.
Spin Technology (now operating as Spin.AI) is a Palo Alto-based SaaS security company founded in 2017 that provides an all-in-one platform for protecting mission-critical SaaS applications like Google Workspace, Microsoft Office 365, and Salesforce.[1][2][4] It serves over 1,600 corporations globally by addressing ransomware threats, data leaks, data loss, and compliance risks through features like ransomware detection and response, apps discovery and risk assessment, granular backups, and rapid recovery—often within two hours.[1][2] The company solves the growing vulnerabilities in cloud-based SaaS environments, especially for remote workforces, with tools like SpinOne that offer automated daily backups and monitoring; it has raised $16 million in Series A funding led by Bluprint Equity, with participation from Santa Barbara Venture Partners and Blu Venture Investors, fueling its growth in a high-demand cybersecurity market.[1]
Spin Technology was founded in 2017 by Dmitry Dontov, a cybersecurity expert and tech entrepreneur with over 20 years of experience in cloud data protection and engineering.[1][2] Headquartered in Palo Alto, California, the company emerged to tackle the rising threats to SaaS data amid the shift to cloud ecosystems and remote work, particularly the need for reliable backups and ransomware defense in apps like Office 365 and Salesforce.[1][2] Early traction came from its innovative SpinOne platform, which gained adoption during the pandemic—for instance, Mexico-based entertainment firm Meow Wolf selected it for seamless data security and recovery after evaluating alternatives.[2] Milestones include multiple awards such as the 2021 and 2022 Global Infosec Awards, Cloud Computing Security Excellence Award, and recognitions in top ransomware protection and SaaS backup technologies.[2]
Spin.AI rides the explosive growth of SaaS adoption amid rising ransomware attacks on cloud data, where traditional on-premise security falls short—timing aligns with post-pandemic remote work and multi-cloud dependencies that expose sales pipelines and workspaces to breaches.[1][2] Market forces like increasing cyber threats (e.g., RedDirection browser attacks uncovered by Spin.AI researchers) and regulatory demands for compliance favor its proactive, integrated approach over fragmented tools.[4] It influences the ecosystem by setting benchmarks for SaaS-native defense, enabling enterprises to maintain operations without downtime, and pushing innovations like SpinOne for Salesforce, which reduces recovery efforts in high-stakes environments.[1][2]
Spin.AI is poised to expand its platform with Dynamics 365 and HubSpot integrations, capitalizing on SaaS security's projected boom as ransomware evolves and AI-driven threats intensify.[1][2] Trends like zero-trust architectures and automated threat hunting will shape its trajectory, potentially scaling to thousands more clients via partnerships and further funding. Its influence may grow as a go-to "last line of defense" in multi-app ecosystems, reinforcing its role in revolutionizing SaaS protection from the ground up.[1]
Spin has raised $11.8M in total across 2 funding rounds.
Spin's investors include AngelDAO, GSR, Longhash Ventures, Spartan Group, ZMT Capital, Dmitry Grishin, Adverb Ventures, Andreessen Horowitz, Audrey Capital, Broadway Angels, C2 Investment, M.G. Siegler.
Spin has raised $11.8M across 2 funding rounds. Most recently, it raised $3.8M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 6, 2022 | $3.8M Seed | — | Angeldao, GSR, LongHash Ventures, Spartan Group, ZMT Capital | Announced |
| May 1, 2017 | $8M Series A | Dmitry Grishin | Adverb Ventures, Andreessen Horowitz, Audrey Capital, Broadway Angels, C2 Investment, M.g. Siegler, Juxtapose Capital, Locus Ventures, M13, Oyster Ventures, Pillar VC, Quiet Capital, SciFi VC, Tsvc Capital, Wndrco LLC, Adrian Aoun, Drew Houston, Emmett Shear, Greg Brockman, Jeff Seibert, John Kobs, Kyle Vogt, MG Siegler, Mike Abbott, Mike Vernal, TOM Blomfield, Wayne Chang, Charlie Cheever, Matt Brezina, CRCM Ventures, Exponent Founders Capital | Announced |