Ocient, a Chicago data analytics software startup and TechNexus Venture Collaborative portfolio company, has entered its growth stage after closing a $132 million Series B funding round. The company builds high-performance infrastructure designed to process and analyze massive datasets up to 100 times faster than competing cloud data warehousing solutions.
The new funding will support the rollout of energy-efficient solutions for AI workloads. It builds on Ocient’s core technologies, including its Hyperscale Data Warehouse, which allows enterprises to analyze massive datasets at greater speeds and lower cost. And when deployed on OcientCloud®, enterprises get a fully-managed data analytics solution powered by 100% renewable energy. Ocient’s technology is already supporting industries at scale including telecommunications, business intelligence, the public sector, and many more.
“Enterprises are grappling with complex data ecosystems, energy availability, and the pressure to control costs while proving business value,” Ocient CEO Chris Gladwin said in a statement. “The successful completion of our Series B financing highlights the critical need for the cost-effective, efficient analytics solutions we’re delivering to customers.”
To date, Ocient has raised $159.4 million in total funding. TechNexus participated in the company’s seed round in 2020. Ocient operates out of the TeamWorking by TechNexus shared workspace in Chicago, tapping into a broader network of startups and collaborators that call TeamWorking home.
After three consecutive years of doubling revenue, Ocient has attracted investors like Allstate Strategic Ventures, Blue Bear Capital, and Solidigm. In addition, the company has been named a Fast Mover and Challenger in the GigaOm Radar for Data Warehouses, joined the NVIDIA Inception program, and is deepening strategic partnerships with AMD, Vertosoft, and Amdocs.
Ocient’s commitment to scalable infrastructure and sustainable performance starts at the leadership level. Gladwin, who previously founded Cleversafe, which was acquired by IBM for $1.3 billion, brings a track record of building enterprise-grade systems. Ocient’s newly appointed CFO, Henry Marshall, joins from Loft Orbital with experience scaling finance operations for capital-intensive technologies.
Ocient’s momentum is a clear signal of where enterprise data infrastructure is headed—faster, leaner, and more sustainable.