$500 000 investments for Spinbackup to Deliver Cloud Data Protection Technology

Spinbackup is a premier Cloud-to-Cloud Backup & Cloud Cybersecurity solutions 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 Spinbackup customers are small and medium-sized companies, as well as educational institutions such as the University of Tokyo, Gurnick Academy of Medical Arts, Sensys Gatso, and others.

Data loss and leakage due to a human error and ransomware in the cloud have become the most critical security issues of the decade. While companies and individuals worldwide spend over $74B per year on cybersecurity solutions , most of the current data loss solutions are obsolete. At Spinbackup, we recognize the human factor as the main security threat and offer modern automated backup with full functionality for monitoring the use of information stored in the cloud.
Recently, Aventures Capital has become the first institutional investor and has lead the round into Spinbackup with $500,000 investment.

Andrey Kolodyuk, ‎Founder & 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”.

About Spinbackup
Spinbackup, Inc. was founded in 2014 and offers market solutions in the field of cybersecurity. Currently, we protect G Suite and MS Office 365 organizations, and we are going to support other leading cloud providers in the near future. A large number of Spinbackup customers are small and medium-sized companies, as well as educational institutions such as the University of Tokyo, Gurnick Academy of Medical Arts, Sensys Gatso, and others.

About AVentures Capital
Founded by serial entrepreneurs and experienced financial professionals in 2012, AVentures Capital is a leading early stage venture capital fund focused on global companies that leverage R&D in Ukraine and CEE. The fund targets the following technology categories: software, e-commerce, cloud services, mobile technology, IoT and others. AVentures Capital has over 10 companies in its portfolio, including Petcube, Augmented Pixels, nuPSYS, VOX, CheckiO, StarWind Software and others. AVentures Capital co invested with Almaz Capital, Y Combinator, Vegas fund, the Hive and other widely recognized funds.

AVentures Capital,
Kryvorizka str.11/5, Kyiv, Ukraine, 03118
aventurecapital.com
Natalia Piddubenko, PR Manager
np@aventurecapital.com

This release was published on openPR.