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Protective Intelligence Software Innovator Ontic Reports 177 Percent Annual Revenue Growth
Ontic is digitally evolving and setting a new paradigm on how Fortune 500 and emerging businesses are proactively handling physical threat detection to protect staff, consumers and properties.
Fremont, CA: Amid a landscape of Capitol riots, bolstered national security threats, growing extremism and present COVID-19 challenges, Ontic, the protective intelligence software innovator, has reported 177 percent revenue growth for its fiscal year ending January 31, 2021, as compared to the previous year. Ontic is digitally evolving and setting a new paradigm on how Fortune 500 and emerging businesses are proactively handling physical threat detection to protect staff, consumers and properties.
"In this growing and increasingly unmanageable physical threat landscape, now more than ever, technology to advance corporate physical security to mitigate threats to leaders, employees, customers and business continuity overall is necessary for the future of every industry," stated Ontic CEO Lukas Quanstrom. "We are proud that the Ontic protective intelligence platform is fast-becoming the industry standard for an expanding number of companies and transforming how their corporate security teams address protection."
"Every company in America needs to have a living threat assessment that will ebb and flow based on their brand profile, proximity to threats in their city and monitoring their own situational awareness," stated Fred Burton, Executive Director of the Ontic Center for Protective Intelligence. "As the government continues to be overwhelmed by threats, companies must take responsibility and get ahead of threats in order to protect their people and assets — and that is where Ontic excels."
Among Ontic's growth milestones and achievements over the last year are:
• 68 percent year-over-year growth in total new Fortune 500 and emerging business customers for the fiscal year ending January 31, 2021, including some of the world's biggest retailers, major social media outlets, multinational banks, telecommunications, consumer packaged goods, pharmaceutical and entertainment firms, and professional sports teams.
• 319 percent growth in users of Ontic Defense Intelligence Platforms in the calendar year 2020 compared to 2019.
• Secured $12 million in Series A funding led by Felicis Ventures and including established investors Silverton Partners, Floodgate and Village Global.