What does Ocient do?
Ocient is a Chicago-based data analytics software solutions company that enables always-on, compute-intensive analysis of large-scale data. Its integrated platform offers data transformation, loading, complex query processing, AI, OcientML, and OcientGeo to deliver deeper insights and significant cost savings of up to 90%.
How much did they raise?
The company raised an undisclosed amount as part of a $132M Series B close, with $42.1M coming from new investors. Lead investors include Allstate Strategic Ventures and Blue Bear Capital, with participation from Massive, Northwestern Mutual, Solidigm, and Zelkova.
What are their plans for the money?
Ocient intends to use the funds to further develop and deliver energy efficient solutions that address the challenges of processing costly, complex, and operationally burdensome data and AI workloads. This strategic investment is expected to enhance enterprise data processing efficiencies and reduce costs.
What have they achieved so far?
The company has raised a total of $159.4M in invested capital to date and has already demonstrated significant progress by achieving up to 90% price savings in data analysis performance, allowing seamless deployment across various environments.
