Ontic, a software developer of security solutions, has netted $12m in its Series A funding round which was led by Felicis Ventures.
The capital injections was also supported by previous Ontic backers Silverton Partners, Floodgate and Village Global.
With the funds, the cybersecurity company plans to expand its footprint across enterprise businesses and family offices while accelerating product development. It will also look to expand sales and enter new markets.
The company connects hundreds of real-time and historical data points to provide smart indicators, which helps security teams boost early detection. By connecting critical data related to physical security threats and boosting smart collaboration with connected workflows, gives security teams better capabilities in identifying pre-incident indicators, assess risk and mitigate potential threats.
Felicis Ventures general partner and managing director Victoria Treyger said, “Protective intelligence is the last key segment of security that has been largely untouched by innovation over the last decade. Intelligence is still managed today in a manual way with disparate point solutions at a time when the level of data about threats is exploding across social media, visitor management, and other public and private data sources.
“We invested in Ontic because we believe its platform will become the definitive system of record for the intelligence vertical and look forward to working with the Ontic team to help them achieve this vision.”
This investment coms after a strong period of growth for Ontic, which has seen a five-times year-over-year growth, it said. The company has also seen its demand increase and several Fortune 1000 companies use its services.
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