More Funds and New CFO for Green Data Firm Ocient

In Chicago, analytics software solutions company Ocient has appointed Henry Marshall as CFO, and says it is moving into its growth stage following the closure of a $132m Series B round of funding in the fall of 2024.

Ocient's software conducts compute-intensive analysis of complex, large-scale data for insights and decision-making, with a focus on energy-efficiency. Its solution includes data transformation, loading, complex query processing, AI and ML, delivered in a single, consolidated solution deployed either on premises, in the OcientCloud or in the public cloud. The company has announced series B rounds twice before.

Marshall worked previously at space infrastructure provider Loft Orbital, and will lead Ocient's financial operations as it accelerates its global expansion. The firm says the most recent funding will be used to advance the development and delivery of energy efficient solutions for costly, complex, and operationally burdensome data and AI workloads.

CEO Chris Gladwin states: 'Enterprises are grappling with complex data ecosystems, energy availability, and the pressure to control costs while proving business value. The successful completion of our Series B financing highlights the critical need for the cost-effective, efficient analytics solutions we're delivering to customers, and we're thrilled to have Henry Marshall join our team and bring his strategic leadership to Ocient's journey ahead.'

The firm's home page is at www.ocient.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.