Data Analytics Startup Ocient Receives $49.4 Million Investment

Ocient, the leading data analytics software solutions company, announced that it has closed $49.4 million in financing. This latest raise is an extension of Ocient's Series B financing, previously led by Greycroft and OCA Ventures. New startup investors also include Buoyant Ventures, Levy Family Partners, Riverwalk Capital and Wolf Capital Management, as well as all previous major investors. It will be used to enhance product capabilities and deliver successful hyperscale data analytics solutions to Ocient's growing global customer base. Including this current round, Ocient has raised a total of $119 million in investment capital since its inception in 2016.

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Ocient

Ocient saw a 109 percent year-on-year increase in revenue in the last fiscal year, as the number of organisations seeking end-to-end software solutions that can deliver anytime, compute-intensive analysis of large, complex data sets while optimising performance, cost and optimisation increases.