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§ Private Profile · San Francisco, CA, USA
ON is a technology company.
ON has raised $72.5M across 4 funding rounds.
Key people at ON.
ON has raised $72.5M in total across 4 funding rounds.
On is a Swiss athletic shoe and performance sportswear company that develops and markets specialized running shoes and athletic apparel. The company is renowned for its proprietary CloudTec cushioning technology, an innovative system designed to provide soft landings and explosive take-offs, distinguishing its footwear in the competitive sports market. This approach focuses on enhancing performance and comfort for runners and athletes.
The company was founded in 2010 by Olivier Bernhard, a former professional Ironman athlete, alongside his friends David Allemann and Caspar Coppetti. Their shared insight stemmed from a desire to create a running sensation that combined cushioning with responsiveness, addressing a gap they perceived in existing athletic footwear. The founders leveraged their collective experience to bring this vision to fruition.
On's products cater to a global audience of runners and athletes, from casual enthusiasts to elite competitors, seeking advanced performance gear. The company's vision centers on continuous innovation in athletic technology and design, aiming to inspire movement and redefine the running experience for individuals worldwide. It consistently expands its product lines to support a broad range of athletic pursuits.
Key people at ON.
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]
ON has raised $72.5M in total across 4 funding rounds.
ON's investors include B3 Capital, Commonwealth Financial Network, Equiam, Justin Kim, Mighty Capital, Jim Davidson, Mark Attanasio, James Davidson, Calvin Broadus, GreatPoint Ventures, Quest Venture Partners, Andrew Ogawa.
ON has raised $72.5M across 4 funding rounds. Most recently, it raised $25.0M Other Equity in December 2023.
