Ocient's Rise in the Data Analytics Space
March 12, 2024, 10:27 am
Ocient, a hyperscale data warehouse vendor, secures $49.4 million in funding to enhance its capabilities for AI and machine learning applications. Founded in 2016 by CEO Chris Gladwin, Ocient aims to revolutionize data analytics by enabling organizations to analyze massive datasets rapidly. With a focus on vertical markets like telco, ad tech, security, and financial services, Ocient is set to expand into climate intelligence for industries like real estate and agriculture. The company's unique compute adjacent storage architecture and machine learning-powered tools have driven impressive revenue growth and positioned Ocient as a key player in the data analytics industry. As the demand for energy-efficient data infrastructure grows, Ocient's commitment to environmental sustainability and cost-effective solutions makes it a valuable asset for businesses worldwide.