Data Analytics startup Ocient secured $40 Million in Series B funding


Ocient, a Chicago based data analytics solutions company, has now secured $40 million in a Series B funding round.

Ocient is founded by Chris Gladwin, Joseph Jablonski, and George Kondiles in the year 2016. It offers data analytics solutions to enable rapid analysis of the world's largest datasets. 

The company is deploying in Action & Exchange Analytics, Geospatial and security customer uses cases with the help of Ocient DAS using the industry-standard interfaces and hardware. Ocient DAS is made available via the Ocient Cloud, public cloud, and on-premise.

Executive Opinion

Gladwin, Ocient’s CEO, said, "Organizations are struggling to keep up with today’s data demands, a challenge that will only continue to increase exponentially. With Ocient technology, organizations can tap into every piece of data now and in the future, unleashing massive new enterprise value."

Jim Dugan, the Managing Partner at OCA Ventures, said, "Ocient provides massive scale data analytics solutions with built-in machine learning via a full stack solution to optimize performance, supporting commodity hardware in the cloud or on premise, allowing customers to run queries in seconds which previously could not be executed. Ocient’s DAS enables its customers to gain higher fidelity and deeper insights from its data, and opens up new revenue streams while significantly reducing their cost of operations. As a lead investor from inception to exit in Chris’s prior data startup, Cleversafe, we experienced firsthand management’s ability to convert brilliant innovation into revolutionary commercial success, and we are thrilled to include a world-class firm like Greycroft and our other co-investors to help Ocient achieve dramatic results."

Ocient's Latest Funding

The latest round brings the total funding secured to $65 million. The Greycroft and OCA Ventures led the latest funding round. Other participating investors include PSP Partners, Valor Equity Partners, Gaingels, Pritzker Group Venture Capital, Hyde Park Angels, and MIT.

The company, as of now, has plans to use the new funds to grow its customer success, sales, operations, and marketing teams.
PC: Pablo, Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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