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Madrid-based Onum has raised a $28m Sequence A led by Daybreak Capital — simply seven months after its launch. The startup, which helps corporations handle and monitor huge datasets, will use the cash to broaden globally, principally to the US.
What does Onum do?
Onum’s mission is to assist corporations isolate and observe priceless data inside giant datasets in real-time.
In response to the corporate, solely about 15% of a typical organisation’s knowledge is business-critical, requiring instant evaluation. Since most companies haven’t any approach of discerning the precious data from the noise, nevertheless, many organisations ship all of their knowledge to analytics platforms for evaluation, leading to increased prices and longer processing occasions.
Onum offers the instance of a giant financial institution that’s attempting to boost its IT community safety capabilities and meet strict compliance necessities. The startup says it permits the financial institution to focus completely on the info that issues, to allow them to extra precisely and cost-effectively detect safety threats primarily based on warning indicators of their knowledge throughout their entire community.
Not like a few of its opponents, Onum says it doesn’t solely cut back the quantity of information {that a} consumer must course of, however may tailor the service to particular person enterprise wants, corresponding to danger discount, compliance, buyer utilization, and community effectivity.
The startup was cofounded in October 2023 by Lucas Varela, Pedro Tortosa and Pedro Castillo, the latter of whom additionally based cloud analytics and safety platform Devo, valued at greater than $2bn. It says it’s already gained a number of enterprise prospects together with main monetary establishments, world consulting corporations and enormous telecommunications corporations, principally in Spain.
The place will the cash go?
Onum employs practically 50 workers, and plans to make use of the contemporary funding to speed up product improvement and rent extra folks this 12 months, opening a brand new workplace in Boston.
Who has invested?
Daybreak Capital, London-based B2B software program VC enterprise capital;
Kibo Ventures, Madrid-based VC;
Perception Companions, New York-based VC.
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