TLDR:
- Ocient, a data analytics software firm, has secured a $49.4 million Series B extension.
- The investors in this round include Buoyant Ventures, Levy Family Partners, Riverwalk Capital, and Wolf Capital Management.
Chicago-based data analytics software company Ocient has successfully raised $49.4 million in a Series B extension. This funding round was led by Buoyant Ventures, Levy Family Partners, Riverwalk Capital, and Wolf Capital Management. Ocient specializes in providing data storage and analytics solutions for businesses. The company aims to use this new funding to further develop its technology and expand its market reach.
This investment comes as Ocient continues to see growth in demand for its data analytics software, particularly from industries such as healthcare, finance, and technology. The company’s unique approach to data management has garnered attention from both investors and potential clients. Ocient’s ability to handle massive datasets and provide real-time analytics sets it apart in the competitive data analytics software market.
With the additional funding from this Series B extension, Ocient is well-positioned to capitalize on its momentum and further solidify its position as a leading provider of data analytics solutions. The company’s innovative technology and strong investor backing bode well for its future growth and success in the industry.
