Austin-Based Ontic Secures $12M Series A To Help Companies Stay Safe From Threats>
Crunchbase – Mary Ann Azevedo
All existing backers participated in the round, including Silverton Partners, Floodgate and Village Global. The financing brings the Austin-based startupâs total venture raised to $16.7 million since its 2017 inception, according to Crunchbase data. Last year was a good one for Ontic. The SaaS-based company saw its annual recurring revenue grow fivefold due to increased demand from both new and existing customers, according to Quanstrom. It currently has 46 employees, up from nine at this time last year. Victoria Treyger, general partner and managing director at Felicis Ventures, said her firm was impressed with Onticâs ability to attract such a high caliber of customers within 18 months of product launchâand with just $4.6 million in seed funding.
Link: https://news.crunchbase.com/news/austin-based-ontic-raises-12m-for-automated-threat-management-platform/?utm_source=cb_daily&utm_medium=email&utm_campaign=20200430&utm_content=intro&utm_term=content&m