Spin.AI receives investment from K1 for SaaS security

FinTech Global reports that Spin.AI, provider of the AI-powered SpinOne platform for SaaS security and data protection, has received an investment from K1 Investment Management, a major investor in AI-powered software.

SpinOne combines SaaS security posture management, ransomware detection and response, data loss prevention, and backup and disaster recovery into a single solution, featuring an industry-leading two-hour ransomware recovery service level agreement. The platform protects over 1,500 organizations and more than two million users globally, including Domino's, DHL, and Vimeo, across Google Workspace, Microsoft 365, Salesforce, and Slack. Founder and CEO Dmitry Dontov stated the mission is to "eliminate SaaS security risks before they become real-world breaches," noting that K1's operational experience will help scale the company.

K1 principal Christian Grant emphasized that "many of the cloud platforms enterprises rely on were not built with today's threat environment in mind," and Spin.AI "helps close that gap" by giving security teams "real visibility and real control."