Ocient, a Chicago, IL-based data analytics software solutions company, raised an undisclosed amount in Series B extension funding.
New investors part of the $132M Series B close, amounting to $42.1M, included Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual.
The company intends to use the funds to advance the development and delivery of energy efficient solutions for data and AI workloads.
Led by CEO Chris Gladwin, Ocient is a data analytics software solutions company that enables always-on, compute-intensive analysis of complex, large-scale data. It 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 its pilot-to-production solutions on premises, in the OcientCloud or in the public cloud, with little to no resource-intensive integration.
The company has raised a total of $159.4M invested capital to date.
