Ocient raises $42.1 million
Data analytics software solutions company Ocient has raised $42.1 million in Series B funding from Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual. To date, the Chicago-based startup raised nearly $160 million.
Founded in 2016, Ocient says its solutions enable compute-intensive analysis of large, complex datasets while optimizing for performance, cost, and energy efficiency.
“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.” – Chris Gladwin, CEO of Ocient.
“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.” – Tarik Galijasevic, Vice President and Managing Director, Allstate Strategic Ventures.
