Ocient, a Chicago-based software company delivering high-performance solutions for complex data and AI workloads, has announced the close of its $132m Series B funding round, marking its entry into the growth stage.
The latest round, which closed in autumn 2024, saw $42.1m contributed by new investors including Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual, meaning that Ocient has now raised $159.4m in total invested capital.
Ocient develops data analytics software designed for handling the world’s most complex and operationally intensive workloads.
Its solutions are built on its proprietary Compute Adjacent Storage Architecture® (CASA) and Megalane™ technology, providing users with unified data processing tools that are efficient, scalable and environmentally sustainable.
The newly secured funds will be channelled towards advancing the company’s portfolio of energy-efficient analytics solutions, particularly aimed at customers dealing with costly and burdensome data and AI operations.
This strategic investment is part of Ocient’s broader push to grow globally and increase market adoption.
The company has recently doubled its revenue for a third consecutive year and was named a Fast Mover and Challenger in GigaOm’s Radar for Data Warehouses report.
Ocient also launched the Data Retention and Disclosure System tailored for telecommunications providers, allowing them to meet legal data requests with improved speed and reduced costs.
Henry Marshall, formerly of space infrastructure firm Loft Orbital, has been appointed chief financial officer and will oversee Ocient’s financial strategy as it continues to scale. The company is also expanding collaborations with key industry players such as AMD, Vertosoft, Solidigm, and Amdocs, and has joined the NVIDIA Inception programme to further develop its technology stack.
Ocient CEO Chris Gladwin said, “Enterprises are grappling with complex data ecosystems, energy availability, and the pressure to control costs while proving business value. The successful completion of our Series B financing highlights the critical need for the cost-effective, efficient analytics solutions we’re delivering to customers, and we’re thrilled to have Henry Marshall join our team and bring his strategic leadership to Ocient’s journey ahead.”
Allstate Strategic Ventures vice president and managing director Tarik Galijasevic said, “Rapidly growing data volumes in our industry demand high-performance analytics solutions with capabilities built for faster insights, better predictions, and scalable growth. Ocient’s disruptive approach to efficient, high-performance analytics solutions is a strong addition to the Allstate Strategic Ventures portfolio, and we look forward to supporting the disruption they’re driving in this space.”
Blue Bear Capital partner Ernst Sack added, “Bridging the gap between AI, energy, infrastructure and climate industries requires a disruptive approach to large, complex data analytics. Ocient’s commitment to developing scalable, sustainable solutions is essential for the future, and we’re thrilled to support them on this journey.”
Previously, Ocient raised a total of $27.4m before this latest funding, bringing its cumulative total to $159.4m.
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