Onit logo — Global leader of enterprise workflow solutions for legal, co...

Onit

Global leader of enterprise workflow solutions for legal, compliance, sales, procurement, IT, HR, and finance.

Founded 2011 United States Atlanta, United States 497 employees Growth Total: $216.43M AI, Legal Tech

General Information

Company Name Onit
Founded Year 2011
Location United States Atlanta, United States
Founders / Decision Makers
Team member Team member
Employees 497
Industries AI, Legal Tech
Funding Stage Growth
Business Model SaaS, B2B, Platform
Revenue Model Subscription, Usage Based, Service Fee
Social

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About Onit

Onit, founded in 2011, stands as a pioneering force in the AI and Legal Tech sectors. With its headquarters in the United States and a global presence, Onit has positioned itself as the leader in AI-native legal operations solutions. Its core mission revolves around transforming legal business processes through technology that is specifically designed to optimize workflows, manage legal spend, and address contract management and compliance challenges.

The company's solutions are built by legal professionals, ensuring that they meet the nuanced needs of legal teams across various domains such as legal, compliance, sales, procurement, IT, HR, and finance. This strategic capability aligns with its ambitious slogan, "Global leader of enterprise workflow solutions for legal, compliance, sales, procurement, IT, HR, and finance."

Onit received significant financial backing with a $200.00M growth equity investment from K1 Investment Management on January 1, 2019, underscoring investor confidence in its innovative solutions and growth potential.

Business keywords: Enterprise Workflow Solutions, AI-Native Legal Operations, Contract Management, Legal Spend Tracking, Matter Management, Compliance Solutions, AI and Machine Learning, Legal Technology, Business Process Automation, Contract Lifecycle Management, Legal Department Operations, Workflow Automation, NDA Management, Legal Holds, e-Billing

Services & Products

Legal Spend & Matter Management
Contract Management & Automation
Legal Ops & Workflow Automation
Compliance & Risk Management
Sales & Revenue Optimization

Target Customers

Legal Operations Professionals General Counsel Contract Managers Industries in Pharmaceutical, Finance, Insurance, Technology, Government

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Growth Equity VC $200.00M 1
K1 Investment Management
01 Jan 2019
Seed Undisclosed -
01 Sep 2018
Seed Undisclosed -
01 Feb 2017
Early VC $8.30M 3
Austin Ventures, Level Equity +1
01 Oct 2016
Early VC $2.30M -
01 Jan 2014
Series B $4.10M 2
Austin Ventures, RedHouse Associates
01 Jan 2012
Series A $30.00K 1
Houston Angel Network
01 Dec 2010
Angel $550.00K -
01 Feb 2010
Seed $350.00K 1
Houston Angel Network
01 Oct 2009
Early VC $800.00K 1
Houston Angel Network
01 Feb 2009

Onit Alternatives & Competitors

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Onit vs
ContractPodAi
ContractPodAi United Kingdom

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Series C
115 employees
AI, Information Technology
Onit vs
LEGALFLY
LEGALFLY Belgium

Legal AI, built for the whole enterprise

Series A
61 employees
AI, Finance
Onit vs
SpotDraft
SpotDraft United States

Award winning, AI-driven, end-to-end contract automation platform for companies of all sizes

Series B
354 employees
AI, Legal Tech

FAQ About Onit

Global leader of enterprise workflow solutions for legal, compliance, sales, procurement, IT, HR, and finance.
Onit was founded in 2011.
Onit is headquartered in Atlanta, United States.
Onit operates in AI and Legal Tech. Its work centres on Enterprise Workflow Solutions, AI-Native Legal Operations, Contract Management and Legal Spend Tracking. Its customers include Legal Operations Professionals, General Counsel and Contract Managers.
Onit has a SaaS, B2B and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Onit has approximately 497 employees.
Onit has completed 10 funding rounds, raising a total of $216.43M. The latest funding stage is Growth.
Onit offers: Legal Spend & Matter Management, Contract Management & Automation, Legal Ops & Workflow Automation, Compliance & Risk Management, Sales & Revenue Optimization.
Top alternatives and competitors to Onit include ContractPodAi, LEGALFLY, SpotDraft, LinkSquares, Evisort. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Onit and ContractPodAi are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Onit, https://bouncewatch.com/company/onit, updated 12 December 2025. When citing, please name BounceWatch and link this page.

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