Onit Revenue and Competitors

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Houston, TX USA

Location

$216.6M

Total Funding

Legaltech

Industry

Estimated Revenue & Valuation

  • Onit's estimated annual revenue is currently $53.9M per year.(i)
  • Onit received $200.0M in venture funding in January 2019.
  • Onit's estimated revenue per employee is $177,800
  • Onit's total funding is $216.6M.

Employee Data

  • Onit has 303 Employees.(i)
  • Onit grew their employee count by 11% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$29.2M1944%$59.5MN/A
#2
$3.2M16N/AN/AN/A
#3
$8.2M41N/AN/AN/A
#4
$170.3M8691%N/AN/A
#5
$9.7M67N/AN/AN/A
#6
$1M7N/AN/AN/A
#7
$6.8M34N/AN/AN/A
#8
$3.6M3638%$12MN/A
#9
$5.5M0N/A$11.5MN/A
#10
$1.7M12N/AN/AN/A
#11
$65.3M450N/AN/AN/A
#12
$64.3M320N/AN/AN/A
#13
$14.8M102N/AN/AN/A
#14
$2.3M16N/AN/AN/A
#15
$0.9M6N/AN/AN/A
#16
$8.6M59N/AN/AN/A
#17
$1.7M12N/AN/AN/A
#18
$6.7M46N/AN/AN/A
#19
$7M546%N/AN/A
#20
$9.9M49N/AN/AN/A

Onit is the leading provider of Enterprise Legal Management (ELM) solutions for the 21st century. Brought to you by the same team that created spend management a generation ago, Onit is transforming the way legal departments drive operational and process improvements. By focusing on process, Onit's solutions help customers drive tremendous gains in efficiency, accelerate transaction velocity and reduce costs. Our solutions simplify business process automation and improve business productivity across all departments and industries. Apptitude, Onit's App Builder platform allows business users to drive efficiency and productivity by combining business process management, project management and information management into one easy to use tool so the user can create their own workflows without having to rely on IT for support. Businesses have processes for everything - whether it's hiring a vendor or law firm, terminating an employee, submitting a contract for review, requesting a trademark request, obtaining an NDA, etc. Most of these processes are manual, paper intensive and cumbersome. Using Onit solutions, processes are automated in a few clicks, responsible parties are notified immediately, and data collection is centralized. Onit doesn't require any software to download or resources from IT. For more information, visit www.onit.com or contact 1-800-281-1330.

keywords:Career / Job Search,Human Resources Hr

$216.6M

Total Funding

303

Number of Employees

$53.9M

Revenue (est)

11%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Onit News

2022-04-13 - Reap the Benefits of AI in CLM | AXDRAFT (an Onit company ...

In simpler terms, deep learning is simply machine learning, with the key difference being that the model is based on human neural networks.

2022-04-13 - The Transformative Legal Department: Building Stronger ...

At Legalweek 2022, Onit sponsored an emerging technology panel discussion featuring legal operations experts sharing their visions of how...

2022-03-30 - Onit and Randstad Sourceright Forge Contract Lifecycle ...

Onit is a global leader of workflow and artificial intelligence platforms and solutions for legal, compliance, sales, IT, HR and finance...

2021-05-18 - Onit Celebrates its 10th Anniversary with Record Revenue Growth, Investment in Artificial Intelligence and Global Expansion

HOUSTON, May 18, 2021 (GLOBE NEWSWIRE) -- Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it is celebrating its 10 ...

2020-11-20 - Onit acquires legal startup McCarthyFinch to inject AI into legal workflows

Onit, a workflow software company based in Houston, announced this week that it has acquired 2018 TechCrunch Disrupt Battlefield alum McCarthyFinch. Onit intends to use the startup’s AI skills to beef up its legal workflow software offerings. The companies did not share the purchase price. Aft ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$1650M3038%$63.3M
#2
$92.8M3031%N/A
#3
$479M303-1%N/A
#4
N/A3032%N/A
#5
$93.5M30414%N/A

Onit Funding

DateAmountRoundLead InvestorsReference
2012-01-18$0.0MBAustin VenturesArticle
2014-01-07$2.3MUndisclosedAustin VenturesArticle
2016-10-28$8.2MUndisclosedLevel Equity Management LLCArticle
2018-06-27$10.0MUndisclosedSilicon Valley BankArticle
2019-01-09$200.0MUndisclosedK1 Investment ManagementArticle