Onna Technologies closes $11m Series A funding round

New York and Barcelona based startup Onna Technologies has closed an $11m series A equity funding round to grow its central information access product.

The round was led by Dawn Capital with participation from Dropbox, the Slack Fund and Nauta Capital.

Norman Fiore, General Partner at Dawn Capital, will join Onna’s Board and has invested in a variety of leading SaaS businesses including Mimecast and Showpad.

Norman Fiore, General Partner at Dawn Capital, said: “Helping employees find, organize and protect crucial business information when it sits across all these apps is a big challenge.

“Onna’s solution has already seen great traction in eDiscovery with a legal use case, with annual recurring revenue having more than tripled over the past year.

“By building an internal search engine for enterprise and giving all employees fast access to their own information, Onna can be an industry game-changer.”

Onna counts Facebook, Electronic Arts and Dropbox amongst its customers who use its platform.

This funding hopes allow Onna to expand its solution to meet the needs of its growing audience and take the next step in its development.

Salim Elkhou, CEO and Founder, Onna, said: “Our technology consists of bringing several disruptive technologies together.

“Our vision is to enable the enterprise and its people with their information, by centralising it, organising and feeding it to user authorised applications.

“We give our customers an open API to integrate any data source, drop in any ML model and finally connect to any workflow or application.”

This investment follows a previous seed funding round of $5 million, raised in October 2017.