After doubling revenues for third straight year, the startup strategically appoints CFO to manage financial operations

CHICAGO–(BUSINESS WIRE)–Ocient, the leading data analytics software solutions company, today announced its advancement into growth stage following the successful close of its $132M Series B funding, which concluded in fall 2024, and with the new strategic appointment of Henry Marshall as Chief Financial Officer. Marshall, previously with space infrastructure provider Loft Orbital, will play a vital role in managing the financial operations as Ocient accelerates bringing its cost, environmental, and operationally efficient solutions to more customers globally.

Including the recent extension close, Ocient has raised a total of $159.4M invested capital to date.

• New investors part of the Series B close, amounting to $42.1M, included Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual.
• New capital will be used to advance the development and delivery of energy efficient solutions for costly, complex, and operationally burdensome data and AI workloads.

Doubling revenues for its third straight year, Ocient’s transition to growth stage follows growing industry recognition and momentum for the company as a disruptor. The company secured its second placement as a Fast Mover and Challenger in the latest GigaOm Radar for Data Warehouses report,with its unified data solutions and highly efficient capabilities underpinned by its Compute Adjacent Storage Architecture® (CASA) and Megalane™ technology highlighted as strengths. Ocient also launched its first named solution, the Data Retention and Disclosure System for telecommunications, which enables service providers to meet lawful disclosure requirements far below the mandated timeframes and for significantly less cost and energy. Additionally, the startup continues to be awarded for its leadership in sustainability, is deepening work with industry partners including AMD, Vertosoft, Solidigm and Amdocs, and has recently been accepted into the NVIDIA Inception program.

“Enterprises are grappling with complex data ecosystems, energy availability, and the pressure to control costs while proving business value,” said Chris Gladwin, CEO of Ocient. “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.”

“Rapidly growing data volumes in our industry demand high-performance analytics solutions with capabilities built for faster insights, better predictions, and scalable growth,” said Tarik Galijasevic, Vice President and Managing Director, Allstate Strategic Ventures. “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.”

As rising cloud costs, operational expenditures, and the search for value from AI investments converge with rising global data center energy consumption, enterprise IT strategies are adapting to prioritize data control and predictability, leading to a resurgence of on-premises deployments for certain workloads. Ocient’s differentiated approach to large, complex workloads delivers efficiencies at every layer of the analytics process so customers can deploy workloads where they are most cost effective and optimize the performance, operational efficiency, and environmental impact of their compute-intensive data analytics workloads.

“Bridging the gap between AI, energy, infrastructure and climate industries requires a disruptive approach to large, complex data analytics,” said Ernst Sack, Partner at Blue Bear Capital. “Ocient’s commitment to developing scalable, sustainable solutions is essential for the future, and we’re thrilled to support them on this journey.”

Follow the link to learn more about Ocient solutions and services or visit ocient.com.

About Ocient

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. For more information, please visit www.ocient.com.

Contacts

Taylor Todd
press@ocient.com

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