Ocient, a data analytics software company, has completed its Series B financing, closing the round at $132 million. Its $42.1 million extension concluded in fall 2024 with participation from investors such as Allstate Strategic Ventures and Blue Bear Capital. Alongside the round, Ocient announced the appointment of Henry Marshall, previously of Loft Orbital, as its new chief financial officer.
Ocient works to provide cost-effective and efficient data analytics solutions, including data transformation and complex query processing capabilities. Its offerings are designed to optimize performance and reduce environmental impact for businesses in the AI, energy, infrastructure and climate sectors. These solutions can be deployed on premises, in the OcientCloud or in the public cloud, catering to enterprises with complex data and AI workloads.
Following three consecutive years of doubling its revenue growth, Ocient is entering its growth stage, according to a news release. The Series B capital will help Ocient develop and deliver solutions that address challenges related to cloud costs, operational expenses and the need for high-performance analytics.
