ON
ON is a technology company.
Financial History
ON has raised $2.0M across 1 funding round.
Leadership Team
Key people at ON.
Frequently Asked Questions
How much funding has ON raised?
ON has raised $2.0M in total across 1 funding round.
ON is a technology company.
ON has raised $2.0M across 1 funding round.
Key people at ON.
ON has raised $2.0M in total across 1 funding round.
On Technology is a Service-Disabled Veteran-Owned Small Business (SDVOSB) providing managed IT services, cloud solutions, and consulting to public and private sectors, including federal and Department of Defense agencies.[1][5] Originally focused on medical practice management software in Arizona, it has evolved to deliver secure, always-available IT infrastructure using technologies from Microsoft, VMware, and Amazon, emphasizing cost-effective cloud strategies, hybrid environments, and repeatable processes for reliable delivery.[1]
The company serves businesses and organizations of all sizes, solving critical challenges in IT availability, security, and scalability—particularly for high-stakes government systems—while reducing costs and risks through best practices.[1][5] Note that search results also reference a defunct ON Technology Corporation (acquired by Symantec in the late 1990s, focused on enterprise systems management)[3] and an unrelated AI chat platform called ON,[2] but the active "On Technology" matching the query aligns with the SDVOSB IT services provider.[1][5]
On Technology traces its roots to 2000, when it operated as MDOneNet, a technology leader delivering practice management software via remote desktop and managed IT services to medical practices in Arizona—pioneering cloud-like solutions before they became mainstream.[1] In 2011, due to expanding demands for always-on, high-availability systems for federal and DoD clients nationwide and globally, the company rebranded to On Technology to reflect its focus on mission-critical IT deployment.[1]
By 2015, it shifted headquarters to Tampa, Florida, while retaining offices in Denver and Colorado Springs, Colorado, solidifying its role in delivering IT services across the U.S. and abroad.[1] This evolution from niche medical IT to broad-spectrum, secure managed services highlights its adaptability to government needs and cloud adoption.[1][5]
On Technology rides the wave of hybrid cloud adoption and government-driven digital transformation, where agencies demand secure, scalable IT amid rising cyber threats and remote operations.[1][5] Its timing is ideal in an era of accelerated cloud migration post-2020s, enabling federal entities to modernize legacy systems while complying with stringent availability and security mandates.[1]
Market forces like DoD budget shifts toward cloud (e.g., via AWS, Azure) and SDVOSB set-aside contracts favor its model, influencing the ecosystem by demonstrating how small, specialized firms can deliver enterprise-grade solutions globally—lowering barriers for veteran-led innovation in public IT.[1]
On Technology is poised to expand in government cloud modernization, capitalizing on AI-enhanced security, zero-trust architectures, and multi-cloud orchestration as federal IT spending surges.[1][5] Trends like edge computing for DoD missions and sustainable hybrid strategies will shape its growth, potentially amplifying its influence through larger contracts and partnerships.
As a nimble SDVOSB with a track record of reliability, it could evolve into a key player in resilient IT ecosystems—echoing its "always On" ethos from medical roots to global defense, delivering value in an increasingly hybrid world.[1]
Key people at ON.
ON has raised $2.0M in total across 1 funding round.
ON's investors include Addition, Arbor Ventures, Hyde Park Venture Partners, Liquid 2 Ventures, Madrona Ventures, Pioneer Square Labs, Unlock Venture Partners, Kevin Nazemi, Sujal Patel, ACME Capital, Canvas Ventures, Casa Verde Capital.
ON has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in August 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2015 | $2.0M Seed | Addition, Arbor Ventures, Hyde Park Venture Partners, Liquid 2 Ventures, Madrona Ventures, Pioneer Square Labs, Unlock Venture Partners, Kevin Nazemi, Sujal Patel, ACME Capital, Canvas Ventures, Casa Verde Capital, Fifth Wall, Fyrefly VC, General Atlantic, Gigascale Capital, Great Oaks Venture Capital, Khosla Ventures, Pear VC, QueensBridge Venture Partners, Sherpa Ventures, Shervin Pishevar, SoftBank Investment Advisers, Summit Partners, ThirdLove, Uncorrelated Ventures, Webb Investment Network |