Ocient's features include helping organizations transform their data for use in AI and machine learning applications. The company is active in the telco, ad technology, and security markets, where organizations have large datasets that could have a trillion rows of information. Ocient enables its users to preprocess and transform their data, making it readily available for AI and ML applications. The company is planning to expand its offerings to more vertical markets, including building out capabilities for climate intelligence, which is increasingly important for multiple use cases including real estate, urban planning, and agriculture.
Key takeaways:
- Ocient, a hyperscale data warehouse vendor, is raising $49.4 million in new funding to grow its capabilities for new industry use cases and meet the demand for artificial intelligence.
- The company aims to differentiate itself from other data warehouse technologies by focusing on the largest datasets and enabling organizations to analyze them rapidly to improve business outcomes.
- Ocient's features help organizations transform their data for use in AI and machine learning applications, particularly useful for the telco, ad technology, and security markets.
- Ocient is planning to expand to more vertical markets, building out capabilities for climate intelligence which is increasingly important for multiple use cases including real estate, urban planning, and agriculture.