Ocient closed a $100 million Series C on November 5 as its CEO reported growing demand for AI analytics run on customers’ own infrastructure. John Morris told SiliconANGLE that most new opportunities now involve on-premises deployments, driven by cost and control over sensitive data.
The Chicago company’s software helps telecom operators and national security organizations analyze petabytes of data without sampling. One use is searching complete histories of network activity for cybersecurity investigations. Morris told SiliconANGLE that Ocient supplies the underlying data infrastructure but does not develop the threat-detection algorithms.
Ocient’s published pricing bases software charges on the number of processors supporting a workload, with no charge tied to query volume. It offers subscriptions for cloud and on-premises deployments, plus perpetual licenses for customers running the software in their own facilities.
BOKA Capital and OCA Ventures co-led the round, which Ocient said took total funding to $260 million. Returning investors included Greycroft and In-Q-Tel. In April 2025, Ocient disclosed a $42.1 million Series B extension that had closed the previous fall.
Ocient expects revenue to more than triple in the fiscal year ending January 2027, after doubling in the preceding year, according to SiliconANGLE. Morris said much of the financing would support hiring sales and customer delivery staff, alongside continued engineering work. He expects the round to carry Ocient to breakeven, but gave no timetable.