Ocient, a data analytics software company, announced it raised $49.4 mn in additional Series B funding. Previous investors Greycroft and OCA Ventures participated, along with new investors Buoyant Ventures, Levy Family Partners, Riverwalk Capital, and Wolf Capital Management.
Including this round, Ocient has secured a total of $119 mn since its founding in 2016. The funds will support product development and expansion to meet the demands of its growing international customer base.
The company reported 109% year-over-year revenue growth in its last fiscal year as more organizations adopted its end-to-end software for continuous, compute-heavy analysis of large datasets.
These organizations focus on improving performance, cost, and energy use. Ocient also appeared for the first time in the GigaOm Radar for Data Warehouses report, recognized as a Fast Mover and Challenger. Its Compute Adjacent Storage Architecture (CASA), which reduces network delays for faster data access, was highlighted as a key feature.
Other features include continuous data loading and transformation (ETL/ELT), Zero Copy Reliability, and in-database OcientML and OcientGeo functions, which enhance performance while improving energy and cost efficiency for large-scale data analysis.
Chris Gladwin, CEO of Ocient, stated that organizations face growing pressure to conduct energy-efficient data analysis without raising costs, especially as real-time analytics, SQL, AI/ML, and geospatial workloads typically increase energy demands. He added that the latest funding round shows rising demand for Ocient’s solutions across various industries and regions.
Organizations are being challenged to deliver energy efficient hyper-growth data analysis without accelerating costs, which has become increasingly challenging as real-time analytics, SQL, AI/ML, and geospatial workloads typically require more energy consumption
Chris Gladwin, CEO of Ocient
“The close of this latest round of financing is an indication that the need for the solutions we bring to market is growing across industries, and geographies”, Chris Gladwin said.
Jim Dugan, founding managing partner at OCA Ventures, commented that more organizations are handling expanding datasets that strain their existing systems.
He highlighted Ocient’s approach to processing these compute-heavy datasets while managing performance, costs, and energy use, calling it beneficial for both businesses and environmental goals. OCA Ventures continues to support Ocient’s growth as it expands globally.
The world is connected through data, and a growing number of organizations are grappling with growing, complex datasets that are challenging the status quo of their existing systems
Jim Dugan, founding managing partner of OCA Ventures
Demand for compute-heavy data workloads is driving the need for digital solutions that reduce energy use and environmental impact.
Gartner’s Top Trends in Data and Analytics, report warned that if current data and AI practices do not improve, machine learning alone could account for 3.5% of global electricity consumption by 2030.
The report advised leaders to prioritize renewable-powered data centers, adopt more energy-efficient infrastructure, and use techniques such as transfer learning and federated learning to reduce data needs, training time, and energy use—areas where Ocient provides clear benefits.
Amy Francetic, co-founder and managing partner at Buoyant Ventures, noted that rising computing and storage demands in data centers are outpacing the supply of clean energy, making climate solutions in this sector increasingly important.
She stated that Buoyant Ventures invests in digital solutions with significant environmental impact and considers Ocient’s energy-efficient analytics approach a strong match for this mission.
