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Onit

Houston, US · Founded 2007 · Delaware corporation · 22 employees on LinkedIn · 2 known investors

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Onit is a Decision-Based Exposure Management platform that uses AI agents to automatically triage, prioritize, assign ownership, and resolve security vulnerabilities across an organization's existing tools. It targets enterprise security teams looking to reduce vulnerability backlogs and remediation time without adding headcount.

AI & Machine LearningCybersecurityEnterprise Software

Founders & leadership

Onit was founded in 2007 by Eric M. Elfman and Eric A. Smith.

EMEric M. Elfman
Eric M. ElfmanCo-founderEric M. Elfman is an executive officer and director at Onit, a Decision-Based Exposure Management platform using AI agents for security vulnerability management. He has background in enterprise software, e-commerce, and venture capital, and holds a degree from Rice University.
EAEric A. Smith
Eric A. SmithCo-founder

Board

SS
SARAH SOMMERBoard director
JTJohn Thornton
John ThorntonBoard directorGeneral Partner at Austin Ventures
DE
Doug ErwinBoard director

Investors · 2

Hetz Ventureslisted by Hetz VenturesTel Aviv · $1M – $10M

How we know: Hetz Ventures's portfolio page · funding news · Not right? Tell us

Funding

SEC filings, press & company announcements

$36.8M disclosed across 5 rounds · 2012–2026

▶$8.2MraisedOct 2016 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • SARAH SOMMERDirector
  • JOHN THORNTONDirector
  • ERIC M ELFMANExecutive Officer, Director
  • DOUG ERWINDirector
Offering amount
$9.2M
Amount sold
$8.2M
First sale
Dec 2013
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.3MraisedJan 2014 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Douglas J. ErwinDirector
  • John ThorntonDirector
  • Eric A. SmithExecutive Officer
  • Eric M. ElfmanExecutive Officer, Director
Offering amount
$2.3M
Amount sold
$2.3M
First sale
Dec 2013
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.2MraisedJan 2012 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • John ThorntonDirector
  • Eric A. SmithExecutive Officer
  • Eric M. ElfmanExecutive Officer, Director
  • Douglas J. ErwinDirector
Offering amount
$4.2M
Amount sold
$4.2M
First sale
Jan 2012
Incorporated
Corporation, Delaware, 2007
Federal exemptions
06
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 1

OnticOntic provides a corporate investigations platform that consolidates data from multiple sources into a unified case management and intelligence system for security teams. The solution helps investigators at Fortune 100 companies and government agencies detect threats, resolve cases faster, and automate routine investigative tasks.

Companies working in the same space as Onit.

In the news

Onit Security Raises $11M Seed to Reshape Exposure Management After Bottlenecks Exploited by Iranian State-Sponsored Cyberattackfinance.yahoo.com · Mar 2026Onit Security Raises $11M in Seed Fundingfinsmes.com · Mar 2026

Frequently asked questions

What does Onit do?
Onit is a Decision-Based Exposure Management platform that uses AI agents to automatically triage, prioritize, assign ownership, and resolve security vulnerabilities across an organization's existing tools. It targets enterprise security teams looking to reduce vulnerability backlogs and remediation time without adding headcount.
Who founded Onit?
Onit was founded by Eric M. Elfman, Eric A. Smith in 2007.
Who are Onit's investors?
Onit's investors include Brightmind, Hetz Ventures.
How much funding has Onit raised?
Onit has disclosed $36.8M raised across 5 rounds.
Where is Onit headquartered?
Onit is headquartered in Houston, US.