# Onymos

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onymos

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.onymos.com
- Total disclosed funding: $14M
- Latest round: Series A (Mar 2, 2022)
- Investors on record: 4

## About

Based in the US, Onymos Inc. specializes in innovative AI document processing solutions that enhance operational efficiency in healthcare and life sciences through hyperautomation technologies.Onymos Inc. was founded in 2017 in Menlo Park, US, and focuses on AI-driven solutions for managing document workflows. The company has completed four deals, with its most recent deal occurring on March 2, 2022, when it raised USD 12 mn in Series A funding led by GreatPoint Ventures, alongside investors such as Benhamou Global Ventures, Engineering Capital, and Industry Ventures. The current valuation is approximately USD 51.43 mn. The firm is led by CEO and founder Shiva N, who has a history of entrepreneurial ventures.Onymos specializes in AI document processing solutions, prominently featuring their flagship product, DocKnow. This platform hyperautomates complex manual workflows in healthcare and life sciences by leveraging advanced AI technologies, including optical character recognition (OCR) and Cognitive Insight Models (CIMs). Released during the COVID-19 pandemic, DocKnow was notably utilized by Albertsons to streamline the processing of vaccine consent forms, enabling technicians to efficiently scan and submit forms into electronic patient management systems. The platform is designed for adaptability, allowing users to deploy it without rigid templates or locked-in processes, which enhances workflow efficiency and reduces manual data entry. Onymos serves a diverse client base, including major healthcare organizations like CVS and Guardant Health, and operates in various geographical markets such as North America and select regions in Europe.Onymos generates revenue primarily through usage-based pricing for its DocKnow platform, which is structured around the number of API calls or forms processed. The company also offers a 'Partnership Pricing' model, allowing clients to defer payment until they meet predefined success metrics. This transactional approach emphasizes a collaborative success model, ensuring that Onymos aligns its performance with client outcomes. The pricing strategy is designed to accommodate the diverse needs of enterprises in healthcare, empowering them to customize their document processing capabilities. Specific details regarding pricing tiers or subscription plans for individual services have not been disclosed.Following its recent funding round on March 2, 2022, where Onymos raised USD 12 mn in Series A funding, the company plans to utilize the capital for further development of its product offerings. Specific details about upcoming products have not been disclosed, but Onymos aims to expand its market presence into new geographic regions. The company's strategy includes targeting additional markets in North America and select areas in Europe to boost its client base and service capabilities.

## Funding rounds

- Series A, Mar 2, 2022, $12M — Industry Ventures, GreatPoint Ventures, BGV, Engineering Capital
- Seed, Jan 31, 2020, $2.2M — Industry Ventures, BGV, Engineering Capital

## Investors

- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Seed, Series A
- BGV (https://capitalatlas.ai/funds/bgv) — Seed, Series A
- Engineering Capital (https://capitalatlas.ai/funds/engineering-capital) — Seed, Series A
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Series A