Spanish startup Onum raises €25.7M to help businesses transform noisy data into meaningful insights

Madrid-based Onum, empowering companies with data control, announced that it has secured $28M (approximately €25.77M) in a Series A round of funding. 

The investment was led by Dawn Capital, a B2B software investor in Europe, with contributions from Kibo Ventures and Insight Partners. 

Henry Mason, Partner at Dawn Capital, says, “Onum can help businesses finally realise the enormous value of their data in real-time and bring order to their sprawling data storage and infrastructure.”

“We are confident that Pedro’s stellar track record and experience scaling Devo into a leading data security player makes him the perfect person to build a global solution in this space.”

Josh Zelman, Principal at Insight Partners, adds, “Onum’s unique platform, coupled with Pedro Castillo’s track record of success, positions the company for exponential growth.”

“We have seen Pedro build a world-class software business with Devo, and we believe he will do it again with Onum, empowering organisations to harness the full potential of their data in real-time, driving rapid and informed decision-making.”

Transform noisy data into something meaningful

In 2023, Pedro Castillo, founder of Devo, along with colleagues Lucas Varela and Pedro Tortosa, launched Onum with a vision to provide companies with complete data control through real-time observation and orchestration.

The company aims to help businesses reduce data sent to analytics platforms like SIM and SIEM, optimising costs by paying only for essential services.

Leveraging artificial intelligence, Onum automatically identifies impactful data for business and security purposes, simplifying improvements and cost savings for users.

The company says, “We are committed to helping our customers take the vast amounts of data that’s generated every day and help them cut through that noise while leaving the meaningful part of it behind.”

“By developing the industry’s only truly agnostic edge data observability platform, Onum enables organisations to gain deep insights from any type of data, using any format, from any source.”

“And by collecting and observing that data at the edge, as close as possible to where it’s being generated, we deliver real-time observations, enabling customers to take decisive action to prevent network downtime, payment system failures, malware infections, and more ― all while reducing costs and optimising their current data storage and analytics platforms.”

Capital utilisation

With the new funding, Onum plans to recruit top talent for teams in Spain and the US, expedite product development efforts, and facilitate expansion into the US market.

Co-founder Castillo says, “We are now entering a new chapter in our company’s evolution. This capital injection will fire us forward on our rapid growth trajectory, enabling us to cater to growing demand, bolster R&D, and scale our go-to-market capabilities globally.”

“Most importantly, these new funds will accelerate our ability to deliver even more value to more customers, helping them capitalise on their data in new, sophisticated ways that were never previously possible.”