Business Venture

Bringing Apps Together: Onna Raises $27M Series B For Knowledge Integration Platform

Company knowledge is often siloed into things such as apps, documents and images, which is often difficult to find. Onna has created a platform that enables companies to integrate all of their workplace knowledge-based apps together into one system.

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The company, based in New York and Barcelona, is a Knowledge Integration Platform helping companies unify, search, protect, automate and build on top of their proprietary knowledge, using machine learning and natural language, Kelly Griswold, Onna’s chief strategy officer, told Crunchbase News.

Onna announced a $27 million Series B investment on Wednesday led by Atomico, with participation from Glynn Capital. Previous investors Dawn Capital, Nauta Capital and Slack Fund invested in this latest round as well. Since forming in 2016, the company has raised a total of $43 million, which includes an $11 million Series A round in June 2019, Griswold said.

As part of the investment, Atomico’s Ben Blume will join the board.

“Onna is unique because it is cloud native and collaboration focused; it doesn’t matter if companies are integrating 20 applications or 200,” Blume said in a written statement. “Onna is also an open API, making all the organized content within an organization accessible with a simple search and making Onna a platform to build upon.”

In February 2019, The Wall Street Journal reported that large companies used an average of 129 apps in 2018, an increase of 68 percent over the past four years.

“That is creating a number of fragmentation challenges, and how companies are managing and controlling the information,” Griswold said. “To truly thrive, everything needs to work together. We are increasingly relying on digital tools to connect us, but right now, with the way the ecosystem is built, it is creating silos.”

Onna pulls information from sources such as G Suite, Slack, Dropbox and Salesforce, to power applications like compliance, governance, archiving, e-discovery, search and internal workflow apps, she said.

Following the Series A, Onna was focused on commercial growth, scaling development and go-to-market functions to address the demand, Griswold said. With this new funding, the company plans to grow its engineering, product and partnerships teams, as well as to further develop integrations and applications.

“The next wave of growth is building out third parties to build off of the platform,” she added. “While we have impressive growth numbers—a real opportunity to make meaningful opportunities—that is going to rely on partners connecting and building off of our platform.”

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Illustration: iStock

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