Ocient raised $42.1 million in an extension of its Series B funding round, led by Blue Bear Capital and Allstate Strategic Ventures, to enhance energy-efficient solutions for operational data and AI workloads.
Ocient raised $42.1 million in an extension of its Series B funding round, led by Blue Bear Capital and Allstate Strategic Ventures, to enhance energy-efficient solutions for operational data and AI workloads.
04/23/25, 2:29 AM
Location
chicagoMoney raised
$42.1 million
Industry
software
information technology
Round Type
series b
Investors
Buoyant Ventures, Oca Ventures, Greycroft, Allstate Strategic Ventures, Blue Bear Capital
Ocient has successfully raised $42.1 million to advance its development of energy-efficient solutions for operational data and AI workloads. The funding round was led by investors focusing on climate and efficiency. This extension brings Ocient's total funding to $159.4 million, aiming to tackle escalating data-center power bills. The company's strategic growth plans, including new verticals, demonstrate its commitment to reducing costs and improving performance.
Company Info
Location
100 n. riverside plaza
chicago, illinois, united states
Additional Info
Ocient is a data analytics software solutions company that enables always-on, compute-intensive analysis of complex, large-scale data with outstanding performance that delivers up to 90% price savings. Ocient brings data transformation, loading, complex query processing, AI, OcientML® and OcientGeo® a single, consolidated solution for deeper insights and data-driven decision making. Enterprises can deploy Ocient’s pilot-to-production solutions on premises, in the OcientCloud® or in the public cloud, with little to no resource-intensive integration. Ocient is a global, carbon-neutral company, headquartered in Chicago, and backed by leading investors including Greycroft, OCA Ventures, In-Q-Tel and Buoyant Ventures.