Ocient, a Chicago, IL-based data analytics software solutions company, has closed $49.4 million in extended Series B financing, bringing its total raised to $119 million.
SaaS Investors
The round was led by venture capital firms Greycroft and OCA Ventures, with participation from new venture investors including Buoyant Ventures, Levy Family Partners, Riverwalk Capital, and Wolf Capital Management, along with all prior major investors.
Greycroft is a venture capital firm based in New York, New York. Founded in 2006, the firm seeks to invest in consumer internet, financial technology, healthcare, and enterprise software sectors in the United States.
Founded in 1999, OCA Ventures is a venture capital firm based in Chicago, Illinois. The firm prefers to invest in US & Canada-based companies operating in software, consumer software, fintech, and digital health sectors.
Ocient Use of Funds
The company will use the funds to advance its product capabilities and deliver hyperscale data analytics solutions to its expanding global customer base.
About Ocient
Founded in 2016, Ocient is a data analytics software solutions company that enables always-on, compute-intensive analysis of complex, large-scale data with outstanding performance. The company integrates data transformation, loading, complex query processing, AI, OcientML™, and OcientGeo™ into 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.
Funding Details
Company: Ocient, Inc.
Raised: $49.4M
Round: Series B Extension
Funding Month: March 2024
Lead Investors: Greycroft and OCA Ventures
Additional Investors: Buoyant Ventures, Levy Family Partners, Riverwalk Capital, and Wolf Capital Management
Company Website: https://ocient.com/
Software Category: Data Analytics Software Solutions
Source: https://ocient.com/newsroom/press-releases/ocient-secures-49-4-million-to-power-the-growth-of-its-energy-efficient-data-analytics-solutions/