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Ocelot, An Engagement Platform Aimed At College Students, Raises $117M In Its First Outside Funding

PRIVATESep 28, 2022

Amount Raised

$117 Million

Round Type

Funding Round

BoulderSoftwareArtificial Intelligence

Description

Higher education, at its best, aims to be less elitist and more accessible to people from all walks of life. Today, a startup called Ocelot is announcing a big round of funding to build more tools to help in that effort. The company, which provides an AI-based platform to facilitate easier communications between universities and their students around applications for financial aid and other services, has raised $117 million, money that it will be investing in expanding its products, which today are already being used by some 8 million students and close to 500 colleges and universities, which in the last year alone have seen some 12 million questions get asked and answered through their Ocelot-based services.

Quick answer

Ocelot raised $117 Million in a Funding Round round, dated September 28, 2022. Ocelot is based in Boulder, Colorado, United States.

How much did Ocelot raise?
Ocelot raised $117 Million in a Funding Round round on September 28, 2022.
What does Ocelot do?
Founded in 2003, Ocelot is higher education’s #1 SaaS provider of multilingual AI chatbots, serving over 6.5 million students at over 400 institutions.
Where is Ocelot based and how big is it?
Ocelot is based in Boulder, Colorado, United States.
Who are the decision-makers at Ocelot?
Fundz holds 1 contact at Ocelot. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as Ocelot that raised within 45 days of this round, from Fundz verified event records.

  • Purlin raised an undisclosed amount (Seed) on November 11, 2022.
  • Agent IQ raised $10M (Series A) on November 9, 2022.
  • Ibex Medical Analytics raised $10M (Funding Round) on November 9, 2022.
  • SKYX Platforms raised $653K on November 9, 2022.
  • Glow raised $23M (Funding Round) on November 8, 2022.
  • Matillion raised an undisclosed amount (Funding Round) on November 8, 2022.

Who to call at Ocelot, and when

A new round usually means Ocelot is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Ocelot raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Ocelot, from your own LinkedIn network

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Company Information

Company

Ocelot

Location

Boulder, Colorado, United States

About

Founded in 2003, Ocelot is higher education’s #1 SaaS provider of multilingual AI chatbots, serving over 6.5 million students at over 400 institutions. The Ocelot platform guides students through all aspects of the student lifecycle including admissions, financial aid, and student advising and enables student service departments campus-wide to provide personalized virtual advising and support, and meet enrollment, retention, and engagement goals as well as access and equity initiatives. Ocelot combines AI Chatbot for student support, Text Campaigns for student outreach, and an unrivaled Content library that turns student engagement into student success. With 60,000 out-of-the-box Q&As including over 2,000 video explainers, as well as multilingual capabilities trained to DoED standards with independent BLEU scores above 50 (“better than human” translation), Ocelot delivers remarkable student engagement on Day 1 of launch. With CRM, financial aid, and SIS platform integrations, Ocelot becomes an integral part of your tech ecosystem for personalized advising and support.

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Fundz sees it the moment Ocelot raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Ocelot raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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