Ocient Enters Growth Stage with $132M Series B Funding
Data analytics innovator Ocient has officially entered the growth stage following the close of its $132 million Series B funding round, bringing its total raised capital to $159.4 million. The funding, finalized in late 2024, signals strong investor confidence in the company’s mission to deliver energy-efficient, high-performance analytics solutions for massive and complex workloads.
As part of this transition, Ocient has appointed Henry Marshall as Chief Financial Officer. Marshall, formerly of space infrastructure firm Loft Orbital, will help guide financial operations as Ocient scales its global presence.
The Series B round included new investors such as Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual. Ocient plans to use the funds to enhance the development and deployment of its environmentally sustainable solutions, particularly for AI and data workloads that are traditionally expensive and difficult to manage.
Doubling Revenue and Expanding Industry Recognition
Ocient’s growth comes on the heels of a third consecutive year of revenue doubling and increasing market momentum. The company was once again recognized in the GigaOm Radar for Data Warehouses report as a Fast Mover and Challenger. Its Compute Adjacent Storage Architecture® (CASA) and Megalane™ technologies were cited as key differentiators, contributing to unified and efficient data solutions.
Ocient’s recent product, the Data Retention and Disclosure System for telecommunications providers, is already making waves by enabling lower-cost and faster compliance with lawful data disclosure mandates.
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Driving Sustainable, Scalable Analytics
Chris Gladwin, CEO of Ocient, said, “Enterprises are grappling with complex data ecosystems, energy availability, and the pressure to control costs while proving business value.”
He added, “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.”
Ocient’s growth reflects a wider industry trend where enterprises are prioritizing data control, performance, and sustainability amid rising cloud costs and energy demands. The company is addressing this shift by optimizing analytics workflows for on-premise or hybrid deployments, providing clients with control over cost, efficiency, and environmental impact.
