What is Spanning Cloud Apps?
Spanning Cloud Apps is a prominent provider of backup and recovery solutions specifically designed for Software as a Service (SaaS) applications. Headquartered in Austin, Texas, the company enables organizations nationwide to safeguard their critical information stored within cloud environments. Their offerings are crucial for businesses relying on SaaS platforms, ensuring data integrity and business continuity through robust protection mechanisms.
How much funding has Spanning Cloud Apps raised?
Spanning Cloud Apps has raised a total of $8M across 2 funding rounds:
Series A
$2M
Series B
$6M
Series A (2011): $2M with participation from Foundry Group
Series B (2013): $6M led by Foundry Group
Key Investors in Spanning Cloud Apps
Foundry Group
Foundry Group is a venture capital firm specializing in early-stage information technology, internet, and software startups. They provide not only capital but also leverage their extensive experience in company building and industry networks to support entrepreneurial ventures.
What's next for Spanning Cloud Apps?
With substantial enterprise-level capital infusion, Spanning Cloud Apps is strategically positioned for accelerated growth and market expansion. The recent strategic investment signals a commitment to enhancing its product suite, potentially exploring new SaaS integrations, and scaling its operational capacity to meet increasing demand. Future developments are likely to focus on solidifying its leadership in cloud data protection and further innovating its recovery capabilities to address evolving cybersecurity threats and compliance requirements.
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