Ocient, a Chicago, IL-based data analytics solutions (DAS) company, closed a $40m Series B funding.
The round, which brought total invested capital to $65m, was led by OCA Ventures and Greycroft, with participation from Valor Equity Partners, PSP Partners, Hyde Park Angels, Pritzker Group Venture Capital, Gaingels, and the MIT and Northwestern University chapters of Alumni Venture Group.
The company intends to use the funds to grow its engineering, customer success, operations, and sales and marketing teams, with headcount expected to double to 150 by the end of 2021.
Co-founded in March 2016 by Chris Gladwin, Joseph Jablonski, and George Kondiles, Ocient provides data analytics solutions enable rapid analysis of the world’s largest datasets. The company is deploying in Auction & Exchange Analytics, Security, and Geospatial customer use cases, all built on the proprietary Ocient DAS using industry-standard interfaces and hardware, which can hold quadrillions of rows of data, ingress billions of rows per second, and filter and compute across trillions of rows per second.