Ontic, a protective intelligence software provider, has raised $40 million in a Series B funding round to accelerate its expansion and mission. The investment is led by JMI Equity, a growth equity firm focused on investing in software companies. Felicis Ventures, Silverton Partners and Ridge Ventures also participated in the round.
Ontic has experienced much growth since its launch in 2017 with a 257 percent Compound Annual Growth Rate (CAGR) over the last two years and more than 300 new features and product enhancements launched in 2021 alone. Ontic recently augmented its ability to scale through the acquisition of SIGMA Threat Management Associates.