Two Austin technology companies – security software maker Ontic and insurance startup Steadily – have teamed up to raise $ 67 million in funding to continue their growth and offerings.

Ontic, which launched in 2017, is developing a security data platform designed to support security teams. has raised $ 40 million to expand its security technology and expand its market reach.

The round was led by JMI Equity and also had investments from Felicis Ventures, Silverton Partners and Ridge Ventures.

The company said the funding will flow into expansion into new market segments and regions. Ontic also said it will use the round to accelerate its product development, establish new partnerships and grow its team.

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