$42.1 million poured into startup offering energy-efficient solutions for costly and unwieldy operational data and AI workloads

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Hyperscale data warehouse vendor Ocient announced today that it has raised $42.1 million as the second extension of its series B funding to accelerate the development and delivery of energy-efficient solutions for costly and unwieldy operational data and AI workloads. The funding infusion doesn’t just add to the Chicago startup’s already hefty war chest; it sharpens a mission to make hyperscale analytics radically cheaper and greener at the very moment enterprises fear ballooning data‑center power bills. The new round increases the company’s total funding to $159.4 million. The latest round was led by climate-savvy backers such as Blue Bear Capital and Allstate Strategic Ventures — a signal that investors now view data-platform efficiency as a climate issue as much as a performance one. Ocient CEO Chris Gladwin told VentureBeat that Ocient’s architecture al ... Read full article.