Published in


A Safe Bet: Ontic Secures $40 Million Series B to Foil Workplace Threats

Proactive, always-on physical security intelligence

Just in time for Thanksgiving, we are grateful to celebrate another fantastic company in The Ridge Familia: Ontic, which we backed in its Series A last year.

Ontic, an Austin-based startup that protects businesses from physical security threats, recently announced its $40 million Series B, helping to bring its protective intelligence to more security teams at Fortune 500 and growing enterprises. Aside from Ontic’s data-driven approach and impressive founder experience, we love the vital service it provides for businesses — and their on-site employees — amid the nationwide uptick in workplace violence.

Outmatched corporate security teams need an intelligent threat prevention platform yesterday. Mass-casualty incidents at an Indianapolis FedEx facility, San Jose railyard, and Boulder supermarket over the past year underscore the urgency to neutralize attacks long before they are carried out. Per a mid-year report from Ontic, which surveyed 300 physical security and IT leaders, most respondents expected to miss at least 50 percent of physical threats before the end of 2021 — a disconcerting number considering one missed threat can potentially cause devastating harm to a company’s workforce, reputation, and pocketbook.

Learn how Ontic works in 90 seconds

Corporate security leaders are turning to Ontic for its holistic technology that detects, analyzes, and mitigates threats across a bevy of online channels. Ontic is the SaaS equivalent of Jack Ryan, a 24/7 investigative and preventative solution that aggregates disparate intel into one big-picture narrative that’s easier for security teams to assess. The old-school approach of deploying multiple security tools is now consolidated into a single platform that is more efficient and conducive to a safe work environment.

Ontic’s Series B punctuates a dazzling four-year run in which the company scored a 257-percent CAGR over the past two years, and launched 300+ new product features in 2021. External validation from the likes of Frost & Sullivan, as well as key acquisitions and integrations, have fueled the company’s rapid growth. But Ontic’s momentum is ultimately tied to its trio of Grade-A founders.

Leading the charge for Ontic are co-founders Luke Quanstrom (CEO), Thomas Kopecky (CSO), and Gagan Jain (CTO). Luke was an early executive at Sprinklr and has ample experience delivering technology solutions to Fortune 500 enterprises. Thomas, a repeat founder, previously started an investigative research firm and boasts 2+ decades of domain expertise. Gagan, a former colleague of Luke’s at Sprinklr, is Ontic’s engineering mastermind whose past stops include Yahoo! and SAP Labs India.

Ontic’s co-founders, from left to right: Thomas Kopecky (CSO), Luke Quanstrom (CEO), Gagan Jain (CTO)

Bolstering Ontic’s threat mitigation efforts is Executive Director Fred Burton, a leading authority on protective intelligence, security, and counterterrorism, and CPO Manish Mehta, former CPO at Sprinklr’s main competitor, Spredfast. Both are key ingredients for a company teeming with experience and industry chops.

Ontic is using big data to solve a big problem, one that safeguards business continuity and hardworking employees whose physical safety should never be compromised. Congrats to the entire team on the Series B, and for championing such a noble cause.

Want to learn more about Ontic? Check out the company website for the full download (and a list of open positions!).




Ridge Ventures

Recommended from Medium

CIPLA Shares Complete Fundamental Analysis and Future Outlook

Optimizing Our Self-Driving Vehicle to Better Serve You

Companies put the brakes on planned IPOs

Investment Strategy: Key Principles of Funding Impact at Scale

It’s a new day in America. And more.

Accelerating Customer Centricity in Times of Uncertainty

Do We Need to Re-Think Business Strategy? (Part 2)

Hverarönd, Iceland, 2021 (Copyright Ivo Ruckstuhl)

VIDEO: How to Create New Opportunities with IoT, Machine Learning & Blockchain

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ridge Ventures

Ridge Ventures

Fast, flexible & founder-focused early stage venture capital fund. Backing experienced founders redefining how the world interacts with data and code.

More from Medium

Why we invested in saving and investment super-app, Plum

Empower Scale with Feedback Loops

How you can be helpful

How Should Enterprise Startups Navigate Today’s Changing Seed World?