Ontic, an Austin-based software platform, secured $230 million in Series C funding. KKR led the investment round. JMI Equity, Silverton Partners, Ridge Ventures, and Ten Eleven Ventures also participated.
This Ontic Series C funding will accelerate the company's investment in artificial intelligence. Consequently, this enhances threat detection and automation for security teams. Ontic also plans to expand its international presence.
Founded in 2017, Ontic provides a connected security intelligence platform. It helps security teams monitor, analyze, and respond to physical threats against personnel and facilities.
Advancing Connected Security Intelligence
The platform unifies fragmented security operations. Furthermore, it aggregates open-source intelligence and external threat signals with internal data from HR, legal, and IT systems. This enables proactive programs for risk management and incident response. Companies like Everbridge and Dataminr also operate in the broader threat intelligence space.
Ontic's platform spans risk intelligence, incident management, and investigations. It eliminates manual processes, providing a common operating picture across the risk landscape.
KKR's investment comes from its Next Generation Technology III Fund. KKR brings extensive industry experience and a global network to Ontic. This latest Ontic Series C funding follows Ontic's $40 million Series B investment in November 2021.
The company has scaled into a product leader, servicing Fortune 50 companies across technology, financial services, and consumer goods.
