The funding round drew participation from a roster of prominent investors including Allstate Strategic Ventures, Blue Bear Capital, Solidigm, Massive, Zelkova, and Northwestern Mutual. The Chicago-based company specializes in solutions that enable compute-intensive analysis of massive and complex datasets, with a focus on maximizing performance while reducing costs and energy consumption.

“Enterprises are grappling with complex data ecosystems, energy availability, and the pressure to control costs while proving business value,” said Chris Gladwin, CEO of Ocient. “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 technology is designed to meet the demands of industries inundated with rapidly expanding data volumes, offering tools that support faster insights, more accurate predictions, and scalable growth.

“Ocient’s disruptive approach to efficient, high-performance analytics solutions is a strong addition to the Allstate Strategic Ventures portfolio,” said Tarik Galijasevic, Vice President and Managing Director of Allstate Strategic Ventures. “We look forward to supporting the disruption they’re driving in this space.”

The company plans to use the new capital to expand its customer base, scale operations, and accelerate innovation in its product offerings.