Onna Raises $27M Series B to Scale World's First Knowledge Integration Platform (KIP)
NEW YORK and BARCELONA, Spain, June 17, 2020 /PRNewswire/ -- Onna, the world's first Knowledge Integration Platform (KIP), today 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 'KnowledgeIntegration 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 Knowledge Integration Platform
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 Glynn Capital
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