About Onica
Onica is a Technology company based in Santa Monica (United States) founded in 1983, and was acquired by Rackspace in November 2019. Cloud consulting and managed IT services are offered by Onica. Onica has raised $20 million across 1 funding round from investors including Rackspace Technology and Sunstone Partners. The company has 41 employees. Onica has completed 1 acquisition, including TriNimbus. Its chief executive, as recorded, is Stephen Garden. Onica offers products and services including Cloud Adoption and Migration, Application Modernization, and Foundry of AI by Rackspace. Its focus areas include Business Services, IT Services and Suite. Its competitors include 1&1 IONOS, Genpact and Epam; 1 of its 3 listed competitors has raised funding.
Company details
Founded in 1983 and based in Santa Monica, United States, Onica operates in the IT sector with a focus on cloud technologies. Services encompass cloud and cost optimization, cloud-native development, data and analytics, DevOps transformation, IoT solutions, managed cloud operations, Microsoft integrations on AWS, migration strategies, security protocols, and public sector offerings. Clientele includes entities such as Samsung and Danaher, supporting various industries through these capabilities.
- Total Equity Funding$20M (USD)
in 1 rounds
- Latest Funding Round$20M (USD), Series A
Oct 2017
- InvestorsRackspace Technology
& 1 more
- Employee Count41
- Investments & Acquisitions
- Acquired byRackspace
(Nov 2019)
Products & Services of Onica
Onica offers a comprehensive portfolio of products and services, including Cloud Adoption and Migration, Application Modernization, and Foundry of AI by Rackspace.
Services for customized cloud migrations and strategies
Tools to eliminate technical debt in applications
Platform for accelerating responsible AI solutions
Funding Insights of Onica
Onica has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series A round of $20 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20M
- Total Rounds 1
- Last Round Series A — $20M
- First Round $20M
(Oct 2017)
- Investors Count 1
All 1 funding rounds of Onica with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $20M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Onica
Onica has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Rackspace Technology and Sunstone Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-oriented private equity firm investing in AI and technology-enabled services and software companies. | sunstonepartners.com | |||
Multicloud solutions, applications, data, AI, and security services are provided. | 1998 | rackspace.com | San Antonio, United States |
Investor details for Onica
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People of Onica
2 people are tracked at Onica (2 in leadership); the tracked headcount is 41.
| Name | Role | Group |
|---|---|---|
Stephen Garden | CEO | Leadership |
Savina Alves | Head of Partner Go to Market (GTM) Strategy, AWS | Leadership |
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Investments & Acquisitions by Onica
Onica has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TriNimbus.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud infrastructure support services, including migration and monitoring, are provided. | trinimbus.com | Vancouver, Canada | 2013 | Aug 2018 | •••• |
Complete acquisition details for Onica
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Competitors of Onica
Onica has 3 listed competitors in our database, 1 of them funded. They include 1&1 IONOS, Genpact and Epam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| epam.com | 1993 | Newtown Square, United States | $50M | Provider of software development, data analytics, and other IT suite services |
Detailed competitors of Onica
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Onica (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Frequently Asked Questions about Onica
Onica was founded in 1983 and raised its 1st funding round 34 years after it was founded.
Onica is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Stephen Garden is the CEO of Onica, as recorded in our data.
Onica is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series A of $20M, raised on Oct 2017.
Onica has 41 employees.
Founded in 1983 and based in Santa Monica, United States, Onica operates in the IT sector with a focus on cloud technologies. Services encompass cloud and cost optimization, cloud-native development, data and analytics, DevOps transformation, IoT solutions, managed cloud operations, Microsoft integrations on AWS, migration strategies, security protocols, and public sector offerings. Clientele includes entities such as Samsung and Danaher, supporting various industries through these capabilities.
Onica offers Cloud Adoption and Migration, Application Modernization, and Foundry of AI by Rackspace.
Onica has made 1 acquisition, including TriNimbus.
Onica has 2 investors. Key investors include Rackspace Technology, and Sunstone Partners.
Yes. Onica was acquired by Rackspace in November 2019.