Ocient Funding, Investors & Competitors

Ocient has raised $157M across 5 funding rounds, most recently a $42M Series B in April 2025.

Last Ocient funding round

$42M

Series B · Apr 2025

Cumulative funding Ocient raised

$157M

across 5 funding rounds

Key investors in Ocient

  • OCA Ventures
  • Alumni Ventures
  • Greycroft
  • TechNexus Venture Collaborative
  • Bossa Invest
  • Gaingels
  • IQT
  • Blue Bear Capital

Ocient Overview

About Ocient

Ocient is a Chicago-based developer of a hyperscale data warehouse platform designed for querying petabyte-scale datasets at high velocity. Its OCIent Hyperdrive system processes trillions of rows per second, enabling real-time analytics on structured and semi-structured data. The platform supports financial services, cybersecurity, and telecommunications firms in fraud detection, risk modeling, and customer insights.


Founded

2016

HQ

United StatesChicago, IL

Website

ocient.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription, Usage-based

Ocient Funding History

Ocient has raised a total of $157M across 5 funding rounds.

Ocient's first fundraising round was a $10M Series A in March 2018. The most recent completed round was a $42M Series B in April 2025.

Ocient funding rounds

Ocient funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2025Series BAllstate Strategic Ventures; Massive; Gaingels; Zelkova Ventures; Solidigm; Blue Bear Capital; Northwestern Mutual Future Ventures$42MOcient is a Chicago-based data analytics software company specializing in hyperscale data solutions for compute-intensive analysis of large, complex datasets, optimizing for performance, cost, and energy efficiency. Its platform integrates data transformation, loading, complex query processing, AI via OcientML, and geospatial analytics with OcientGeo, targeting enterprises in AI, energy, infrastructure, and climate sectors. Deployable on-premises, OcientCloud, or public cloud, it addresses cloud costs and high-performance needs for AI/ML workloads. In 2025, Ocient closed a $42.1 million extension to its Series B round on May 22 (noted as fall 2024 conclusion in some reports, aligning with approximate April 22 date), with participation from Allstate Strategic Ventures, Blue Bear Capital, and others including implied Gaingels, Massive, Northwestern Mutual Future Ventures, Solidigm, and Zelkova Ventures. This followed a $49.4 million raise on April 11, 2024, bringing total funding to approximately $91.6 million across rounds (other sources cite higher totals like $167 million). The capital supports growth, solution development for cloud cost challenges, operational expenses, and analytics demands after three years of doubling revenue. Ocient reported 171% year-over-year growth, surpassing fiscal projections, with customer successes like Basis Technologies consolidating 10 workloads and MediaMath enabling new revenue via cost savings up to 80% and performance gains. Its pilot-to-production approach de-risks engagements with proven ROI. An October 2025 report highlighted enterprise AI challenges from poor data quality, driving database modernization (75% in 2025) and hybrid/on-prem shifts. Estimated revenues vary ($28M-$60M annually), but no confirmed ARR or LTM figures near the round; EBITDA unavailable. Post-round, Ocient hired Henry Marshall as CFO and emphasized sustainability with carbon offsets and green data centers. Total funding enabled ramp-up in handling massive datasets amid AI-driven data-intensive innovation.
Mar 2024Series BAlumni Ventures (lead); Greycroft (lead); OCA Ventures (lead); Wolf Capital Ventures; Levy Family Partners; Buoyant Ventures; Riverwalk Holdings$49MOcient is a Chicago-based data analytics software company founded in 2016, specializing in hyperscale data warehouses that enable always-on, compute-intensive analysis of large, complex datasets with optimizations for performance, cost, and energy efficiency. Its platform integrates data transformation, loading, complex query processing, AI/ML via OcientML, geospatial analytics via OcientGeo, and SQL warehousing into a single solution deployable on-premises, in OcientCloud, or public clouds like Google Cloud. The company targets enterprises needing real-time analytics, AI/ML, and geospatial workloads without excessive energy consumption or costs. On March 11, 2024, Ocient closed a $49.4 million extension to its Series B financing, led by Greycroft and OCA Ventures, with participation from new investors Buoyant Ventures, Levy Family Partners, Riverwalk Capital (also listed as Riverwalk Holdings), Wolf Capital Management (also Wolf Capital Ventures), and all prior investors including Alumni Ventures. This round brings Ocient's total funding to $119 million, following prior Series B tranches of $15 million in June 2020 and $40 million in January 2021. The funding will advance product capabilities, scale sales and marketing, expand engineering teams, and deliver hyperscale analytics to a growing global customer base transitioning from pilot to production deployments. Ocient leverages technologies like NVMe storage, Google Cloud Storage, Compute Engine, and networking for massive scalability and rapid data access. CEO Chris Gladwin emphasized the round's role in addressing industry challenges with compute-intensive workloads. The raise occurs in a cautious VC market, positioning Ocient for go-to-market expansion, international growth, and vertical solutions.
Jan 2021Series BGreycroft (lead); OCA Ventures (lead)$40MOcient is a Chicago-based data analytics solutions company specializing in hyperscale data processing for massive datasets, optimized for industry-standard hardware like NVMe SSD, large core-count processors, and 100Gbps networking, delivering query performance orders of magnitude better than competitors. Founded by Chris Gladwin, previously of Cleversafe (sold to IBM for $1.3B), Ocient targets enterprises needing real-time insights, AI, geospatial workloads, and continuous analysis without cost escalation, leveraging Google Cloud infrastructure. On January 25, 2021, Ocient closed a $40 million Series B funding round led by Greycroft and OCA Ventures, with participation from VCapital, Valor Equity Partners, PSP Partners, Hyde Park Angels, Pritzker Group Venture Capital, Gaingels, and MIT/Northwestern Alumni Venture Group chapters, bringing total capital raised to $65 million. The funds were allocated to expand engineering, customer success, operations, sales, and marketing teams, aiming to double headcount to 150 by end of 2021. This round initiated a multi-tranche Series B, later extended with additional raises including $49.4M in 2024 from Greycroft, OCA Ventures, and new investors like Buoyant Ventures. Ocient has raised over $119M by 2024 across multiple Series B extensions, positioning it in the competitive big data analytics market.
Jun 2020Series BOCA Ventures (lead); TechNexus Venture Collaborative; IQT; Bossa Invest$15MOcient is a Chicago-based data analytics solutions company developing ultra-large-scale relational database software and SaaS for the world's largest datasets, capable of handling quadrillions of rows, ingressing billions per second, and computing trillions per second on standard hardware or public cloud. Founded in 2016 by Chris Gladwin, Joseph Jablonski, and George Kondiles, it targets organizations where NoSQL and Hadoop fall short, serving customers in ad-tech, finance, and geospatial industries. On June 11, 2020, Ocient raised an additional $15 million led by OCA Ventures with participation from In-Q-Tel (IQT), building on a prior $10 million round from 2018, for a total of $25 million to date at that point. OCA Ventures, the lead, was the first institutional investor in Gladwin's previous company Cleversafe, acquired by IBM for over $1.3 billion in 2015. Funds support R&D, recruiting, business development, and sales, with plans to double headcount from 50. CEO Chris Gladwin noted record revenue in recent months despite the pandemic, driven by customers' exponentially growing data.
Mar 2018Series ATechNexus Venture Collaborative (lead); Alumni Ventures; Sleeping Bear Capital$10MNo financial details were located for Ocient's July 2018 funding round involving TechNexus Venture Collaborative, Alumni Ventures, and Sleeping Bear Capital. The company emerged from stealth mode in 2022 with its flagship Ocient Hyperscale Data Warehouse product, designed to process and analyze massive datasets up to 100 times faster than competing cloud data warehousing solutions. By early 2024, Ocient had completed multiple Series B tranches totaling over $75 million and reported three consecutive years of revenue doubling prior to that financing activity. Ocient's technology serves telecommunications, business intelligence, and public sector customers globally, with the company operating from Chicago and participating in NVIDIA's Inception program.

Who has invested in Ocient?

18 investors have backed Ocient across its funding rounds, including OCA Ventures, Alumni Ventures, Greycroft, TechNexus Venture Collaborative, Bossa Invest and Gaingels.

Lead investors include Alumni Ventures, Greycroft, OCA Ventures and TechNexus Venture Collaborative.


Ocient Investors

Investors in Ocient by funding rounds participated
InvestorHQRoundsRoleFirst check
OCA VenturesUnited StatesChicago, IL3LeadJun 2020
GreycroftUnited StatesNew York City, NY2LeadJan 2021
Alumni VenturesUnited StatesUnited States2LeadMar 2018
TechNexus Venture CollaborativeUnited StatesChicago, IL2LeadMar 2018
Allstate Strategic VenturesUnited StatesChicago, IL1ParticipantApr 2025
Wolf Capital VenturesUnited StatesSan Francisco, CA1ParticipantMar 2024
Sleeping Bear CapitalUnited StatesSan Francisco, CA1ParticipantMar 2018
MassiveUnited StatesAtlanta, GA1ParticipantApr 2025
Levy Family PartnersUnited StatesChicago, IL1ParticipantMar 2024
Buoyant VenturesUnited StatesChicago, IL1ParticipantMar 2024
GaingelsUnited StatesNew York City, NY1ParticipantApr 2025
Zelkova VenturesUnited StatesMiami, FL1ParticipantApr 2025
SolidigmUnited StatesUnited States1ParticipantApr 2025

This data is available for Pro users. Sign up to see all 18 Ocient investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Ocient Competitors

Ocient competitors include listed companies like Datadog and Dynatrace, and private ones like ClickHouse, Dataiku, Starburst and PingCAP.

Public and private companies comparable to Ocient
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
DynatraceUnited StatesUnited StatesPublicly listed$2B$276M$16B7.0x
ClickHouseUnited StatesSan Francisco, CAPrivate$160M-$15B93.8x
DataikuUnited StatesNew York City, NYPrivate$150M-$3.7B24.7x
StarburstUnited StatesBoston, MAPrivate$100M-$3.4B-
PingCAPUnited StatesSan Francisco, CAPrivate--$3B-

Ocient Public Comps

Ocient is still privately-owned, but its public comps include Oracle, Palantir, ServiceNow, Snowflake, Datadog, RELX, Strategy, MongoDB, Verisk Analytics and Fair Isaac.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Oracle$67B$33B8.6x7.8x17.7x13.9x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
MongoDB$2.5B($104M)11.9x10.4x(282.5x)49.6x

This data is available for Pro users. Sign up to see all Ocient competitors and their valuation data.

Start Free Trial

Common questions about Ocient

When was Ocient founded?Ocient was founded in 2016.
Where is Ocient headquartered?Ocient is headquartered in Chicago, IL, United States.
Is Ocient publicly listed?No, Ocient is a private, VC-backed company.
How much funding has Ocient raised?Ocient has raised $157M across 5 funding rounds.
What was Ocient's last funding round?Ocient's last funding round was a $42M Series B in April 2025.
Who are Ocient's investors?Ocient's investors include OCA Ventures, Greycroft, Alumni Ventures, TechNexus Venture Collaborative, Allstate Strategic Ventures, Wolf Capital Ventures, Sleeping Bear Capital, Massive, Levy Family Partners, Buoyant Ventures and 8 others.
Which companies are comparable to Ocient?Companies comparable to Ocient include Datadog, Dynatrace, ClickHouse, Dataiku, Starburst and PingCAP.

See companies similar to Ocient

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial