If you have been working for more than a decade, you’ve undoubtedly experienced the rapid transformation of today’s workplace — and the myriad of platforms that have become an integral part of the way we work.
And as the day-to-day usage of platforms covering anything from collaboration, instant messaging to document storing continues to grow and evolve, so does the complexity of making sense of this data proliferation for companies with high legal and compliance requirements.
Which leads us to share our news today: Nauta Capital’s $5 million investment in Onna — a knowledge integration platform for legal departments.
Founded in 2015, with offices in San Francisco and Barcelona, Onna enables enterprise information management through integrations with major services and storage repositories such as G Suite, Office 365, Dropbox, Slack and Confluence.
Onna offers smart search capabilities (such as image entity extraction) whereby a set of pre-trained AI models are able to automatically classify certain types of documents such as contracts, NDAs, Passports, Agreements etc. What’s more, the platform’s deep learning algorithms also let companies train their own AI models.
Tackling the eDiscovery (1) market within legal departments — estimated to cost large companies tens of millions of dollars per year — Onna’s platform not only saves time and money for its enterprise clients but the platform processes and indexes the repository in a compliant way.