SpinBackup Raises $500,000

Spinbackup Inc., in San Francisco, CA, is a cloud-to-cloud backup and cloud cybersecurity colutions provider for G Suite and Office 365.

The company is an authorized Google Partner featured on the G Suite Marketplace, and an Advanced Technology Partner of Amazon.

Over 1,000 organizations with more than 150,000 G Suite users and 20,000 individual Google users currently rely on Spinbackup.

A large number of customers are small and medium-sized companies, as well as educational institutions such as the University of Tokyo, Gurnick Academy of Medical Arts, and Sensys Gatso.

Data loss and leakage due to a human error and ransomware in the cloud have become a critical security issue. While companies and individuals worldwide spend over $74 billion per year on cybersecurity solutions, most of the current data loss solutions are obsolete. Spinbackup recognizes the human factor as the main security threat and offer automated backup with full functionality for monitoring the use of information stored in the cloud.

Recently, AVentures Capital, in Kyiv, Ukraine, has become the first institutional investor and has lead the round into Spinbackup with $500,000 investment.

Andrey Kolodyuk, founder and managing partner of AVentures Capital, commented: “We are confident that our strategic partnership will enable Spinbackup to deliver to market and popularize the progressive cloud data protection approaches. We made a $500 000 lead investment in the project to empower this top vendor with its extensive expertise and proven best practices to design and implement single pane of glass cloud cybersecurity and backup solutions at global business community.”

Dmitry Dontsov, CEO and founder of Spinbackup, said: “The revolutionary approach of Spinbackup is to change the paradigm of data security through delivering an innovative SaaS Data Protection Technology. In the fast changing security environment, new more sophisticated threats appear every day. We at Spinbackup, are ready to tackle most critical security issues with a modern solution for cloud security. We aim to bridge the Blockchain ecosystem and the leading Cloud Services by adopting Blockchain innovations in our mission to protect organizations and individuals against data leak and data loss disasters“.

Read also:
SpinBackup New Entrant in Cloud-to-Cloud Backup
Protecting Google Apps and Microsoft 365
by Philippe Nicolas | 2016.08.29 | News