April 22, 2025:
Efficient Data Analytics Startup Ocient Secures $42.1M - Ocient Inc. secured $42.1 million to enhance its analytics platform, which processes queries up to 100 times faster than other solutions. This funding extends the 2021 Series B round to nearly $90 million, with support from investors such as Allstate and Northwestern Mutual. The platform integrates historical and real-time data analysis, featuring rapid file ingestion, index generation, and built-in AI model support to improve speed.
Ocient's technology also lowers storage costs using advanced compression methods. The company's revenue has doubled annually, and the new capital will support further product development.
