Integration Innovation: Onna Secures $5M in First Funding Round
The funding round was led by capitalist firm Nauta Capital, which believes the startup represents a new innovation in knowledge integration and e-discovery space.
January 30, 2018 at 09:53 AM
4 minute read
Knowledge integration and e-discovery startup Onna has announced it recently closed a $5 million funding round, led by venture capitalist firm Nauta Capital. The funding represents the first capital infusion by outside investors for the Barcelona and San Francisco-based startup, which up until now had been self-funded.
Salim Elkhou, founder and CEO of Onna, noted that the funding will be used to expand Onna's commercial teams to attract more customers in the U.S. and to create more integrations for the platform and further develop its proprietary artificial intelligence (AI) engine.
Jordi Viñas, general partner at Barcelona-based Nauta, said his team was impressed by “Onna's technology and the rapid growth it has experienced over the past year with customers such as Facebook.” He added that Onna's platform is “set to become fundamental” in the e-discovery collections and knowledge management space.
Onna, which has customers both in the U.S. and Europe, strives to help legal departments integrate their various data repositories into one central solution, through which they can search, access and perform e-discovery collections on an organization's information.
“From an e-discovery perspective, we are on the left side of the EDRM, focusing on the data collection of several cloud platforms from one place,” Elkhou explained.
As of now, Onna is able to integrate with over 30 cloud-based systems, including Slack, Dropbox, Confluence and Zendesk.
The AI engine used in Onna is essentially trained to understand how to extract content and its metadata within various third-party systems and render it searchable. It is also trained to “read” more static documents like PDF files and extract their content, as well as classify nonverbal content like images.
Of course, Onna isn't the only e-discovery or knowledge management platform that integrates with third-party services. Such integration has been a key feature for many legal technology providers in the e-discovery and information governance space.
While some, like Epona seek to integrate with a specific suite of software, such Microsoft Office 365, others like Thomson Reuters' Workspace and Elite 3E system, ThinkSmart, and ZL Technologies offer broader integrations to host their all their clients' data in one single platform.
Where Onna believes it stands out, however, is in the level of integration it provides.
Elkhou said that, while several platforms offering knowledge integration today just “take screenshots” of the data in third-party systems, Onna is directly connecting to the API of these systems to extract both their content and metadata.
What's more, Elkhou also believes Onna goes beyond traditional data collection with its ability to “automatically and continuously archive, hold and make immediately accessible” data from various third-party applications.
The startup also believes it is built on “a more modern architecture based on recent new developments and technologies” that allow it to better integrate with “newer platforms” that modern legal departments are increasingly relying on, Elkhou said.
Indeed, at the Corporate Legal Operations Consortium's May 2017 conference, Onna, as well as ThinkSmart, presented prototypes of how its platform would integrate with Amazon's Alexa smart speaker.
Though Elkhou noted that “voice commands can be an integral part of the user interface design” for Onna, he noted that such integration is not “a current priority.” He added though, that the company “may be releasing the ability to search voice in audio and video recordings in the very near future.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllTrending Stories
- 1Litigator of the Week Runners-Up and Shout-Outs
- 2'The Show Must Go On': Solo-GC-of-Year Kevin Colby Pulls Off Perpetual Juggling Act
- 3Legal Speak at General Counsel Conference East 2024: Match Group's Katie Dugan & Herrick's Carol Goodman
- 4Legal Speak at General Counsel Conference East 2024: Eric Wall, Executive VP, Syllo
- 5Battle for Top Talent Accelerates Amid Profit and Demand Surge
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250