Spanish cloud analytics and security platform Onum, which gives companies control over their data, cost, and performance, has raised a $28 million Series A funding round. The round was led by European B2B software investor Dawn Capital (invested in FlowX.ai and Qogita) with participation from Kibo Ventures and Insight Partners.
With this investment, the Madrid-based company plans to hire top talent for teams in Spain and the US, accelerate product development, and fuel expansion into the US market.
Smart and comprehensive data solution
Onum was launched in 2023 by Pedro Castillo, the founder of Devo, the cloud analytics and security platform valued at over $2 billion, and his colleagues, Lucas Varela and Pedro Tortosa. The founders had a clear vision of giving companies complete control over their data while delivering real-time observation and orchestration and helping them reduce the amount of data they send to their analytics, so they only pay for what they need.
The Onum platform allows businesses to uncover the data that matters to them in real-time to ensure that only valuable data is sent to the appropriate data analytics platforms for immediate analysis. This cuts the costs of storing and analysing data that is not useful and also helps data analytics platforms function better, driving improved time to value for the organisation.
To make this even easier, Onum employs AI to automatically identify the data that drives business and security impact to ensure that anyone can achieve these improvements and cost savings in record time.
With Onum, our customers have the context they require to make timely, informed decisions regarding their cybersecurity, network performance, and infrastructure management by reducing costs and optimising their current data storage and analytics platforms.
“We are incredibly excited to support Pedro and the team as they take their market-leading platform global,” said Henry Mason, Partner at Dawn Capital. “Onum can help businesses finally realise the enormous value of their data in real-time and bring order to their sprawling data storage and infrastructure. We are confident that Pedro’s stellar track record and experience scaling Devo into a leading data security player makes him the perfect person to build a global solution in this space.”
“We are beyond excited and very proud to support Pedro and his experienced team for the second time, after working together with him and Insight Partners in Devo for 8 years,” said Aquilino Peña, Partner at Kibo Ventures. “Onum’s phenomenal and quick product market fit is a great indication of the future success of the company. The intersection of booming data, orchestration capabilities, real budget impact and control make Onum a new essential layer of the data management stack.”
“We are thrilled to continue supporting Onum’s journey as it pioneers the frontier of real-time data observability and orchestration,” said Josh Zelman, Principal at Insight Partners. “Onum’s unique platform, coupled with Pedro Castillo’s track record of success, positions the company for exponential growth. We have seen Pedro build a world-class software business with Devo, and we believe he will do it again with Onum, empowering organisations to harness the full potential of their data in real-time, driving rapid and informed decision-making. Insight Partners is proud to partner with Onum on their journey towards transforming the data landscape.”
