The Spanish startup Onum recently announced a significant financial milestone, securing €25.7M in Series A funding to propel its mission of transforming complex, noisy data into actionable insights.
This funding round was spearheaded by Dawn Capital, a notable investor in B2B software across Europe, with additional support from Kibo Ventures and Insight Partners.
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Madrid’s Data Dynamo
Onum, headquartered in Madrid, is on a mission to grant companies unparalleled control over their data through real-time observation and orchestration. Founded in 2023 by Pedro Castillo, previously of Devo, alongside Lucas Varela and Pedro Tortosa, Onum aims to streamline how businesses handle data analytics by minimizing unnecessary data transmission to analytics platforms, thus optimizing costs.
The startup leverages artificial intelligence to identify data that significantly impacts both business operations and security, facilitating both improvements and cost savings. Onum’s platform is unique in its agnosticism regarding data type, format, or source, enabling deep insights from any data at the edge, where it’s generated. This approach allows for real-time observations that are crucial for preventing network issues, payment system failures, malware infections, and more, all the while reducing expenses and enhancing current data storage and analytics frameworks.
Expanding Horizons and Innovating Solutions
With this fresh influx of capital, Onum is setting its sights on aggressive expansion, particularly focusing on penetrating the US market. Plans include hiring top talent, accelerating product development, and bolstering global go-to-market strategies. Co-founder Castillo emphasizes that this new chapter will not only support the company’s rapid growth but also enhance its ability to deliver value to customers by capitalizing on data in innovative ways that were previously unattainable.
This development marks a significant step forward for Onum in its quest to help businesses harness the full potential of their data, promising a future where data control and insight generation are more efficient and impactful.
