Ocient, a leading data analytics software solutions company, announced an advancement into the growth stage following the closing of its $132 million Series B funding. New investors part of the Series B close (amounting to $42.1 million) included Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual. Including the recent closing of the extension, Ocient has raised $159.4 million in invested capital to date.
The company also made a new strategic appointment of Henry Marshall as Chief Financial Officer. Marshall was previously with space infrastructure provider Loft Orbital, will play a major role in managing the financial operations as Ocient accelerates, bringing its cost, environmental, and operationally efficient solutions to more customers globally.
The new funding 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 the growth stage follows industry recognition and momentum for the company as a disruptor.
Ocient also launched a solution called 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. And the startup continues to be awarded for its leadership in sustainability, is enhancing work with industry partners including AMD, Vertosoft, Solidigm, and Amdocs. The company has also recently been accepted into the NVIDIA Inception program.
Considering 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 approach to large and complex workloads delivers efficiencies at every layer of the analytics process. 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.
KEY QUOTES:
“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
“Bridging the gap between AI, energy, infrastructure and climate industries requires a disruptive approach to large, complex data analytics. Ocient’s commitment to developing scalable, sustainable solutions is essential for the future, and we’re thrilled to support them on this journey.”
Ernst Sack, Partner at Blue Bear Capital
