Barcelona, 23 January 2018 – Onna Technologies, the knowledge integration platform for corporate legal departments, announces a USD $5.0M funding round, led by London based pan-European VC firm, Nauta Capital.
The investment round enables Onna Technologies to continue its rapid growth, fuel further integrations and improve its AI through which organizations significantly minimize risk by managing their internal content wherever it is stored.
Through its simple and intuitive UI, Onna’s customers can instantly access any type of information, whether it is contracts, chat conversations or pictures, by connecting all their data sources into one central platform. In addition, it offers smart search capabilities, which use neural networks to automatically classify certain types of documents such as contracts, NDAs, Passports and Agreements.
Onna currently serves two main use cases: Knowledge Discovery and eDiscovery collections. They create value by saving time looking for information and by automating data indexing and processing, making the repositories ready for eDiscovery and compliance purposes. This has a saving potential of tens of millions per company per year.
“Data proliferation creates a problem for most users within an organization in finding what they are looking for, as well as the organization itself which has strict regulatory, IT and compliance needs. We wanted to create a scalable product that served both the users, and the company to quickly access all the knowledge they have access to, whether it was an email they received in Gmail, or a contract clause saved in Confluence. Onna’s mission is to connect all the knowledge within an organization.”
“This round signifies the market relevance that there is a big need for knowledge integration for organizations of any size,” says Salim Elkhou, co-founder and CEO of Onna. “It will fuel our data integrations roadmap, make key senior hires and expansion with our global partners.”
“We are extremely impressed by Onna’s technology and the rapid growth it has experienced over the past year with customers such as Facebook. Not only does this funding boost momentum to maintain and expedite the company’s future growth, but what the AI-based platform Onna has built is unique and set to become fundamental in the eDiscovery collections and knowledge management for Legal departments that affects a multi-billion dollar market”, points out Jordi Viñas, Barcelona based General Partner at Nauta, who led this investment round.
Notes For Editors
For more information about this press release, contact:
Onna, based in Barcelona and San Francisco, is a knowledge integrator that connects to different data sources used by legal departments within organizations to enable enterprise discovery. Onna automatically processes and analyzes the data from the different sources using artificial intelligence. Founded in 2015 by Salim Elkhou in the US, Onna is serving a global client list including Facebook, Twilio, Electronic Arts and more. https://onna.com/
About Nauta Capital:
Nauta Capital is a pan European Venture Capital firm investing in early stage technology companies. Nauta has presence in London, Barcelona and Boston. Main areas of interest include B2B Software propositions, disruptive Digital Media companies, and enabling technologies for Mobile and the Internet. Nauta has $300+ million under management and invests in Western Europe and the USA. Nauta has led investments in 30+ companies including Brandwatch, Fizzback, Nextail, GreatCall, Marfeel, MishiPay, Force Manager, Scytl, Getapp, BeMyEye, Geoblink, Aba English, Privalia and Social Point. For more information, visit: www.nautacapital.com