Onum raised $28 million to give companies better control over their data
Onum announced its successful $28 million Series A funding round that will accelerate key talent hires, product development, and global expansion. Onum automatically ensures that only the most valuable enterprise data gets sent to analytics platforms, cutting costs, and optimizing time to value.
The Onum Series A funding round was led by Dawn Capital, with participation from Kibo Ventures and Insight Partners. The $28 million will enable the company to continue its hiring plans, product development, and global commercial expansion. The Onum platform can be deployed on-premises, on Onum's public cloud, or on private data clouds to sift through organizations' troves of data to ensure that only valuable data is sent to data analytics platforms. By doing this, Onum cuts the costs associated with the storage and analysis of non-essential data, optimizes the functioning of data analytics platforms, and shortens the time to value for the organization. Moreover, since this is an AI-powered, automated process, they are accessible to organizations of all sizes. In the short term, the raised funds will be invested towards hiring key talent and breaking into the US market.
