Ontic, an Austin, Texas-based provider of a protective intelligence software platform for companies to actively identify, investigate, assess, watch and manage physical security threats, raised $40 million in Series B funding.
The round, which brought total funding raised to date to nearly $58m, was led by JMI Equity, with participation from Felicis Ventures, Silverton Partners, and Ridge Ventures.
The company intends to use the funds to expand its footprint in new market segments and geographies while accelerating product development, establishing new partnerships, and adding staff across various teams.
Company: Ontic Technologies, Inc.
Raised: $40.0M
Round: Series B
Funding Month: November 2021
Lead Investors: JMI Equity
Additional Investors: Felicis Ventures, Silverton Partners, and Ridge Ventures
Company Website: https://ontic.co/
Software Category: Protective intelligence software platform
About the Company: Led by Lukas Quanstrom, co-founder and CEO, Ontic provides a SaaS-based protective intelligence platform for corporate security teams at Fortune 500 and emerging enterprises. The platform collects and connects threat indicators to provide a comprehensive view of potential threats while surfacing critical knowledge so companies can assess and action more to maintain business continuity and reduce the financial impact. Ontic provides strategic consulting, multidimensional services, education and thought leadership for safety and security professionals through its Center for Protective Intelligence and Center of Excellence, the latter of which also offers program development and training services in behavioral threat assessment, threat management, and violence prevention for major corporations, educational institutions, and government agencies.
Source: https://www.finsmes.com/2021/11/ontic-raises-40m-in-series-b-funding.html