Ontic raises $230M Series C as KKR bets on Austin's connected-security platform
The protective-intelligence company plans to fold AI and automation into its software as corporate physical-security budgets grow.
Austin's Ontic has raised $230 million in Series C funding led by funds managed by KKR, with participation from JMI Equity, Silverton Partners, Ridge Ventures and Ten Eleven Ventures. The company builds a connected security intelligence platform used by corporate security teams to identify and manage physical threats.
Ontic said it will use the capital to weave AI and automation deeper into its software, helping analysts triage risks faster and shifting customers from reactive to proactive security postures. The round builds on earlier milestones including a $40 million Series B and a $12 million Series A, and brings total funding raised well past a quarter of a billion dollars.
Why it matters
A nine-figure check from a firm like KKR is a maturity signal for an Austin SaaS company, and it spotlights physical-security software as a category drawing serious growth capital. Ontic's raise also keeps several local investors, including Silverton Partners, in the cap table of one of the city's larger enterprise software stories.
The funding will help drive the shift from reactive to proactive security by integrating AI and automation so analysts can triage risks more effectively.— Ontic, Series C announcement
Reported by Next in Austin. Based on reporting from Ontic.
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