Onum

The company's core business revolves around its data observability platform, which is designed to process data at the source. This allows IT and Security teams to filter, reduce, enrich, and route data in transit, ensuring that only valuable information is sent to analytics platforms like SIMs and SIEMs. By doing so, Onum helps organizations significantly cut down on infrastructure and data storage costs, with some clients reducing expenses by as much as 80%. The business model targets large enterprises, particularly in sectors like banking and telecommunications, that generate vast amounts of data. Revenue is generated by providing this platform to clients, helping them optimize their existing data storage and analytics investments.

Onum's platform functions as an intermediary layer in a company's data pipeline, processing information in milliseconds. Key features include the ability to intelligently filter out noise, enrich data in real-time, and route it to any destination, regardless of the source. This technology-agnostic approach provides complete data traceability, helps with regulatory compliance, and prevents vendor lock-in. The platform uses artificial intelligence to automatically identify data that has the most significant business and security impact. It can be deployed in various infrastructures, including public/private cloud, on-premises, or as a SaaS environment, and integrates with on-premises, cloud, OT, and IoT systems. Milestones include securing a $12M pre-seed round in September 2022, launching the platform in November 2023, and acquiring its first customers by December 2023. A significant achievement was raising a $28 million Series A round in April 2024, led by Dawn Capital with participation from Kibo Ventures and Insight Partners, to fuel global expansion, particularly into the U.S. market.