Key Takeaways
- • Ocient, a Chicago-based developer of a hyperfast, trillion-row-capable database, raised a $100 million Series C round, according to the primary source.
- • The raise came roughly 18 months after Ocient's $132 million funding round, as artificial intelligence demand drives investor interest in the company.
- • Prior investors participating in the round include Greycroft, In-Q-Tel, Blue Bear Capital, Buoyant Ventures, PSP Growth, Pritzker Group Venture Capital, and Eron Wolf.
Summary
Ocient, which develops a hyperfast database capable of handling trillion-row datasets, has raised $100 million in Series C funding, according to the primary source. The company is based in Chicago, Illinois.
The round comes about 18 months after Ocient raised $132 million. The source attributes the company's momentum to growing AI opportunities, which it says have generated enthusiasm among Ocient's executives, engineers and investors.
Several existing investors took part in the Series C. Named participants include Greycroft, In-Q-Tel, Blue Bear Capital, Buoyant Ventures, PSP Growth, Pritzker Group Venture Capital, and Eron Wolf. The primary source does not disclose the round's valuation or the names of any new investors.
The round comes about 18 months after Ocient raised $132 million. The source attributes the company's momentum to growing AI opportunities, which it says have generated enthusiasm among Ocient's executives, engineers and investors.
Several existing investors took part in the Series C. Named participants include Greycroft, In-Q-Tel, Blue Bear Capital, Buoyant Ventures, PSP Growth, Pritzker Group Venture Capital, and Eron Wolf. The primary source does not disclose the round's valuation or the names of any new investors.
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