Ocient, the developer of a high-speed data analytics platform, has raised $100 million in a Series C round to expand its agentic AI analytics business. Boka Capital and OCA Ventures co-led the round, joined by existing investors Greycroft Partners, In-Q-Tel, Blue Bear Capital, Buoyant Ventures, PSP Partners’ PSP Growth fund and Pritzker Group Venture Capital.
The financing lifts the Chicago-based company’s total funding to $260 million. Ocient said it expects revenue to more than triple in the fiscal year ending in January, following a year in which revenue doubled. When it closed its Series B extension in April 2025, the company said it had doubled revenue for a third consecutive year.
The new capital will speed up delivery of OcientAIQ Solutions, which allow both AI agents and human analysts to query datasets at petabyte scale. Much of the investment will go towards hiring sales and customer delivery staff, alongside continued engineering work.
Chief executive John Morris said much of the growth is coming from new customers in national security and telecommunications, particularly organisations consolidating their cybersecurity data on the platform. “They’ve been accustomed to having to sample data coming off the network,” Morris told SiliconANGLE. He added that these customers have lacked systems capable of handling their ingest rates or storing tens of petabytes affordably.
Ocient started in high-performance analytics, and the rise of AI agents has widened its addressable market. Software agents, in place of human analysts, are increasingly the ones querying its systems, which drives up utilisation and creates appetite for more complete datasets.
The OcientAIQ Unified Data Platform brings together ingestion, analytics, governance and agent orchestration. Its design keeps data movement to a minimum and relies on forward error correction in place of conventional replication, protecting data while cutting storage overhead.
Cybersecurity has become one of the company’s most promising markets. Ocient supplies the data infrastructure that lets security tools and AI agents analyse network activity across full historical datasets, potentially surfacing threats that sampling would miss.
Morris said the company does not position itself as a cybersecurity vendor, noting that it does not build the detection algorithms that security companies develop. Government and defence customers make up a substantial share of revenue, and Ocient recently set up a dedicated national security subsidiary to serve them.
Ocient is also seeing rising demand for on-premises deployments. Morris said most of its current opportunities are on-premises, driven by customers repatriating workloads to control costs or to meet data sovereignty and protection requirements.
The wider market data points the same way, although much of it comes from vendors with a stake in the outcome. An Enterprise AI Infrastructure Survey 2026 commissioned by Cloudian found 93% of enterprises have repatriated some AI workloads from public cloud, are doing so, or are actively evaluating it. The same study found 91% would pick on-premises, private cloud or hybrid infrastructure over public cloud when deploying AI on sensitive company data, and 40% reported cloud AI spending running ahead of initial projections. Cloudian sells on-premises object storage.
Cloudera’s August 2026 survey, The Great AI Re-Architecture, found 66% of respondents had moved AI workloads from public cloud to private cloud or on-premises infrastructure. Cloudian also reported that 94% of IT leaders in Europe are actively involved in repatriation projects driven by sovereignty requirements, a relevant figure given Ocient’s plans to expand in Europe, Asia-Pacific and Latin America.
Morris said the new round should be enough to take Ocient to breakeven, though he declined to give a timeline. The company has now raised $260 million without reaching profitability, and the pace of its revenue growth will determine how far that capital stretches.
Ocient competes with Snowflake, Databricks and open-source analytics deployments, although Morris said its technology frequently sits alongside existing platforms. Beyond geographic expansion, the company plans to pursue more cybersecurity customers.
