Onna Raises $27M in Series B Funding

“Since we first invested in Onna last year, Slack deployed their platform because it was the most robust, modern, easy-to-use eDiscovery product we evaluated — and it worked seamlessly in Slack. Our IT and legal teams love how easy it is to connect new information sources without having to learn complicated query languages,” said Jason Spinell, Director of the Slack Fund. “With this additional investment in Onna, we look forward to helping them realize their vision of building a knowledge integration platform that brings together all of a company’s sources of content, directly inside Slack.”

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Press Announcement via PRNewswire

Onna Raises $27M Series B to Scale World’s First Knowledge Integration Platform (KIP)

  • Onna integrates workplace apps, enabling people and organisations to unify, protect, search, automate and build on top of their proprietary knowledge
  • Onna powers applications such as compliance, governance, archiving, eDiscovery, search and bespoke internal workflow apps
  • Investment round, led by Atomico, will be used to grow engineering, product and partnerships teams to develop Onna’s ecosystem of integrations and applications
  • As part of this investment round, Atomico’s Ben Blume will join the board

Onna, the world’s first Knowledge Integration Platform (KIP), today [June 17, 2020] announced a $27M Series B investment. This latest investment round, led by Atomico with participation from Glynn Capital, will be used to grow Onna’s engineering, product and partnerships teams to further develop its ecosystem of integrations and applications. Previous investors Dawn Capital, Nauta Capital and Slack Fund all invested in this latest round. As part of this investment, Atomico’s Ben Blume will join the board.

Onna integrates all workplace knowledge-based apps together, from communication to storage and HR platforms, allowing companies large and small to unify, search, protect, automate and build on top of their proprietary knowledge in a way not previously possible.

Salim Elkhou, Founder & CEO of Onna said: “Companies now rely on a host of powerful apps, from Salesforce to Google Suite. But the popularity of apps means more knowledge is being siloed and fragmented. Imagine how powerful it would be – not just from a risk and compliance standpoint, but from an insights and efficiency standpoint – if CIOs and employees were able to bring that knowledge together. That’s our mission at Onna: to make the totality of a company’s proprietary knowledge accessible, useful and secure. In other words, we’re not just helping companies find a needle in the haystack; we help them put the haystack together.”

Knowledge-based apps are those that go beyond raw data and focus on contextual human input such as emails, chat, documents, images, contracts, employee performance information, customer feedback, drawn from sources such as G Suite, Slack, Salesforce, Dropbox, Confluence, Zendesk and Workplace among others. Companies today use an average of 88 different apps to power their workforce, a 21% increase from just three years ago.

Ben Blume, Principal at Atomico said, “Onna provides a powerful new way to unify workforce knowledge in one place and use machine learning to enhance, enrich, and make that knowledge usable through a technology we call a ‘Knowledge Integration Platform’, or KIP. Onna is unique because it is cloud native and collaboration focused; it doesn’t matter if companies are integrating 20 applications or 200. Onna is also an open API, making all the organized content within an organisation accessible with a simple search and making Onna a platform to build upon. Finally, by helping companies discover smarter, Onna can help power data-led automation on issues from compliance to customer support and HR. With their unwavering commitment to innovation, security and customer satisfaction, we believe Salim and his team are the best positioned to lead this new category.”

“Since we first invested in Onna last year, Slack deployed their platform because it was the most robust, modern, easy-to-use eDiscovery product we evaluated — and it worked seamlessly in Slack. Our IT and legal teams love how easy it is to connect new information sources without having to learn complicated query languages,” said Jason Spinell, Director of the Slack Fund. “With this additional investment in Onna, we look forward to helping them realize their vision of building a knowledge integration platform that brings together all of a company’s sources of content, directly inside Slack.”

Possibilities for enterprises using a Knowledge Integration Platform like Onna include eDiscovery, information governance, enterprise search, archiving, compliance with data protection laws like GDPR and FINRA, monitoring for leaks of confidential data and building bespoke internal workflow apps using proprietary information. For small businesses, using Onna can drive individual and team productivity by reducing time wasted looking for information.

Onna is working with some of the world’s most sophisticated companies, including Slack, Facebook, Electronic Arts, Lyft, Fitbit, Newscorp and Dropbox. By 2025, Onna aims to be core to any organization’s knowledge infrastructure.

About Onna

New York City and Barcelona-based Onna integrates all your workplace knowledge platforms together, allowing you to – for the first time – unify, protect, search, automate and build on top of your company’s proprietary knowledge. Onna can be integrated with any cloud or on-premise application, including Slack, Dropbox, and Salesforce.

About Knowledge Integration Platform

Knowledge Integration Platform (KIP) is a new category of company that helps enterprises make full use of their entire proprietary knowledge through integration of multiple workplace cloud or on-premise platforms while making sure that data is protected in the hands of the concerned person or organisation. This enables multiple new applications and use cases, from insights and Discovery to enhanced compliance and the ability to build entirely new applications on top of your existing information.

We describe knowledge-based information as anything that is based around human context, input and collaboration including text, documents, pictures, contracts, articles, emails, chats and contextualised employee performance information. Given the rise of cloud-based and hosted apps, this knowledge base is extremely fragmented in most companies, leaving millions of dollars of value on the table. ‘While obviously useful for IT professionals and CIOs for data protection and compliance, KIP is predominantly aimed at empowering knowledge workers by giving them instant access to an entire organisation’s knowledge and enabling them to use it in new and intuitive ways.

About Atomico

Atomico partners with ambitious tech founders at Series A and beyond with a particular focus on Europe, leveraging deep operational experience to supercharge their growth. Founded in 2006, Atomico has partnered with over 100 ambitious teams – including those at Supercell, Graphcore, Omio, Klarna, Lilium, MessageBird, Gympass and The Climate Corporation. Atomico’s team of founders, investors and operational leaders have been responsible for global expansion, hiring and marketing at companies from Skype, Google and Twitter to Uber and Spotify. The firm currently has $2.7B in assets under management.

About Glynn Capital

Glynn Capital is focused on investments in leading private and public technology growth companies. We seek to be long-term investors in a limited number of excellent companies with world-class management teams, sustainable business models, and long-term growth potential.

Read the complete release at Onna Raises $27M Series B to Scale World’s First Knowledge Integration Platform (KIP)

Additional Reading

Source: ComplexDiscovery

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