Ontic raises $ 40 million to accelerate product development and establish new partnerships

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Ontic has raised $ 40 million in a Series B funding round to accelerate its expansion and its mission to make businesses safer by providing intelligence to those who protect. The investment is led by JMI Equity, a development capital firm focused on investing in leading software companies. Felicis Ventures, Silverton Partners and Ridge Ventures also participated in the round.

Ontic has grown exponentially since its launch in 2017 with a compound annual growth rate (CAGR) of 257% over the past two years and over 300 new features and product enhancements launched in 2021 alone.

Ontic recently increased its ability to scale through the acquisition of SIGMA Threat Management Associates and was named by Frost & Sullivan as the industry’s top innovator in Frost Radar: Digital Intelligence Solutions 2021, who stated that “The platform – Ontic’s protective intelligence form is one of the most comprehensive intelligence solutions available that can meet the physical, digital and operational security needs of an organization across all systems and employees.

“We are at an inflection point where unmanaged and growing security threats are pushing the boundaries of enterprise risk and negatively impacting business continuity,” said Lukas Quanstrom, co-founder and CEO of Ontic. “The days of successfully protecting organizations with multiple solutions are over. The Ontic platform is what is needed to bridge the intelligence gap, bringing together real-time threat detection, case and investigation management, incident management and assessment in one solution. for improved collaboration between teams and a safer environment for all.

The Ontic Protective Intelligence platform is a transformational innovation creating a new technological standard in protective intelligence for Fortune 500 enterprise security teams and emerging companies. With the Ontic solution, data to detect, analyze and mitigate potential physical threats from disparate channels is aggregated into a single, always-on platform. When analyzed together, the individual events are connected to unveil a clearer and potentially larger threat story than if they were assessed separately.

“Ontic is completely redefining the ability of organizations to proactively identify, assess and track potential threats, also known as protective intelligence,” said Bob Nye, general partner at JMI. “We passionately believe in Ontic’s mission and are excited to partner with the leadership team to create momentum and scale. “

Including Ontic’s previous fundraising rounds, his total raised to date is almost $ 58 million. This new investment will be used to fuel the expansion of Ontic’s footprint into new market segments and geographies while accelerating product development, establishing new partnerships and adding staff to various teams.

Ontic is led by seasoned Protective Intelligence and SaaS executives including co-founders Lukas Quanstrom, Tom Kopecky and Gagan Jain who bring deep industry experience by providing threat assessment for top brands, leading and by growing global teams and designing intuitive software products for Fortune 500 companies.

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