Ocient raises $100M Series C to run AI on petabyte-scale data
What's the deal? Chicago-based OcientDealroom has a profile for this one. Try Dealroom → has raised $100 million in Series C funding, co-led by BOKA Capital and existing investor OCA VenturesDealroom has a profile for this one. Try Dealroom →, with participation from all its existing backers. The round brings the data analytics company's total funding to $260 million.
What's the endgame? Ocient sells OcientAIQ, a unified platform that runs analytics and agentic AI directly on governed, petabyte-scale datasets in a single engine. The new capital will accelerate delivery to customers deploying AI agents against high-volume data.
The company competes with SnowflakeDealroom has a profile for this one. Try Dealroom →, DatabricksDealroom has a profile for this one. Try Dealroom →, and open-source analytics tools, though chief executive John Morris says its technology often complements existing platforms rather than replacing them.
Why now? Ocient expects to more than triple revenue this fiscal year, after doubling it the previous year, driven by national security and telecommunications customers analysing massive datasets without sampling.
"They don't have anything that can handle the ingest rates, nor that can store at an affordable price tens of petabytes of data," Morris said.
Who's in? BOKA Capital, a London-based growth equity investor focused on deep tech and defence, co-led the round. Its partner Erik Thoresen joins Ocient's board, and operating partner Teresa Smetzer becomes a board observer. Greycroft, In-Q-Tel, and Buoyant VenturesDealroom has a profile for this one. Try Dealroom → also took part.
"Mission-critical operations, from infrastructure and space to cybersecurity and defence, increasingly depend on analysing and responding to vast volumes of data in real time," said John James, chief executive of BOKA Capital.
By the numbers: The $100 million round sits in the top 10% of all Series C rounds for US enterprise software companies, across a sample of 1,747 deals.
The signal: The raise lands amid heavy investor interest in AI and data infrastructure, a bet that governance and scale turn AI spending into trusted results. But the announcement gives no valuation or independent proof of traction, so the deal alone is not evidence that demand has converted into durable growth.
Read more: finanznachrichten.de, Axios
Image credit: Ocient
