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The Venture Codex

OCA Ventures

351 W Hubbard St, Ste 600, Chicago, IL, 60654, United States

Overview

We're an early stage venture capital firm focused on equity investments in companies with dramatic growth potential, primarily in technology and highly-scalable services businesses. Our focus investment areas are digital health, fintech, consumer software, and enterprise software.

Total investments
100
Lead investments
28
Investments · 12mo
1
Active investors
9

Sector focus

  • Finance
  • Venture Capital
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Investment portfolio

  • Resolv

    Participated · Seed · Jan 2026

    Resolv is building the “recovery layer” for digital assets by enabling stolen ERC-20 tokens to be recovered via a transparent, decentralized arbitration process. Users first wrap their holdings into protected tokens (pTokens); if theft occurs, a freeze algorithm locks the stolen assets across chains. A randomly chosen panel of vetted blockchain-forensics experts then reviews evidence and, on a majority vote, authorizes automated fund recovery—eliminating any single point of control. Founded in 2023, the company already has 2,000 users in a closed-beta mainnet who aim to protect a collective $140 million, indicating strong early demand. Over $20 billion in crypto has been stolen since 2011, underscoring the need for such infrastructure. The newly raised capital will be used to expand the team, harden the core recovery stack, grow business development, and establish regulatory foundations. Management envisions becoming the default security layer as institutional capital continues to move on-chain.

  • GrayMatter

    Participated · Series B · Jun 2024

    GrayMatter develops physics-based, AI-powered robotics systems aimed at improving production-line efficiency and reducing waste in warehouse and manufacturing settings. The company says its systems deliver a 2–4x improvement in production-line productivity and a 30% or greater reduction in consumable waste. Large customers, including 3M, already use GrayMatter’s technology. Founded in 2020 and based in Southern California, the company emphasizes workforce well-being alongside productivity gains. Growth is evident in hiring activity — a recent roundup listed about 20 open roles — and is supported by ongoing venture funding, including a recent $45 million Series B. Leadership frames the approach as distinct from purely data-driven methods, combining physics-based models with AI to reduce data needs while handling process constraints.

  • GrayMatter Robotics

    Participated · Series B · Jun 2024

    GrayMatter Robotics is a Los Angeles-based AI and advanced robotics company delivering autonomous robotic solutions for tedious and ergonomically challenging tasks such as sanding, polishing, grinding, coating, and finishing. It bundles proprietary AI technologies with robots, sensors, and tools and provides application-specific solutions in a Robot-as-a-Service (RaaS) format. Representative products include Scan&Sand™, Scan&Polish™, Scan&Buff™, and Scan&Grind™. The company serves manufacturers across aerospace & defense, specialty vehicles, maritime, metal fabrication, and consumer products such as sports equipment. Led by CEO Ariyan Kabir, GrayMatter aims to improve shop floor worker quality of life, enhance production capacity, and reduce scrap, repair, and rework costs. The company raised $45M in Series B funding to accelerate development and deployment of its AI-powered robotic solutions. GrayMatter Robotics delivers AI-driven robotic automation solutions aimed at tedious and ergonomically challenging manufacturing tasks. Its core products are smart robotic cells for high-mix surface finishing and surface treatment, sold to a range of manufacturing industries. The company says its systems help improve shop-floor worker quality of life, enhance production capacity, and reduce scrap, repair, and rework costs. Leadership is headed by CEO Ariyan Kabir and CTO Brual Shah. GrayMatter plans to use the new funding to expand its team across a wide range of roles and to accelerate development and deployment of its AI-robotic solutions. The article does not disclose revenue or user metrics. GrayMatter Robotics develops smart robotic assistants that help humans perform surface-treatment tasks like sanding and spraying on manufacturing lines. The company packages proprietary AI algorithms with commercially available robots, sensors, and tools so robots can program themselves and learn a new part in minutes. Its turnkey solutions aim to help manufacturers grow capacity, maintain consistent quality, and keep a digital trace for improving operations. GrayMatter is led by CEO Ariyan Kabir and is based in Los Angeles, CA. The company raised $4.1M in seed funding and will use the proceeds to scale hiring, accelerate development of its robots for sanding and finishing, and engage a wider customer base. Investors in the round include Stage Venture Partners, Calibrate Ventures, 3M Ventures, OCA Ventures, Pathbreaker Ventures, and B Capital Group.

  • Ocient

    Participated · Series B · Mar 2024

    Ocient builds data analytics software that delivers high-performance, compute-intensive analysis of very large and complex datasets using technologies such as Compute Adjacent Storage Architecture (CASA), Megalane™, OcientML®, and OcientGeo®. The company offers pilot-to-production deployments on premises, in the OcientCloud®, or in public clouds and emphasizes up to 90% price savings and reduced environmental impact. Ocient plans to use new capital to advance development and delivery of energy-efficient solutions for costly, complex, and operationally burdensome data and AI workloads and to expand customer deployments globally. The startup reported doubling revenues for the third straight year as it transitions into growth stage and has deepening industry partnerships with AMD, Solidigm, Amdocs, and others. Ocient was also accepted into the NVIDIA Inception program and recently launched a named telecommunications solution for data retention and disclosure. The company appointed Henry Marshall as CFO to manage financial operations as it scales. Ocient provides data analytics software that enables always-on, compute-intensive analysis of large, complex datasets, including in-database ML and geospatial capabilities. Its Compute Adjacent Storage Architecture (CASA) removes network bottlenecks to facilitate rapid data access and supports always-on loading, ETL/ELT, Zero Copy Reliability™, OcientML™, and OcientGeo™. The company says its platform delivers energy and cost efficiencies—including up to 80% price savings—and is positioned for next-generation, growth-scale analytics. Enterprises can deploy Ocient on premises, in OcientCloud™, or in the public cloud with minimal integration from pilot to production. Ocient reported 109% year-over-year revenue growth in its last fiscal year and plans to use new funding to advance product capabilities and deliver hyperscale data analytics solutions to a growing global customer base. Founded in 2016, Ocient is a global, carbon-neutral company headquartered in Chicago and has been recognized in the GigaOm Radar for Data Warehouses as a Fast Mover and Challenger. Ocient provides a proprietary data analytics solution (Ocient DAS) designed to enable rapid analysis of extremely large datasets. The platform can hold quadrillions of rows, ingest billions of rows per second, and filter and compute across trillions of rows per second. Ocient is deploying its DAS in Auction & Exchange Analytics, Security, and Geospatial customer use cases using industry-standard interfaces and hardware. The company was co‑founded in March 2016 by Chris Gladwin, Joseph Jablonski, and George Kondiles. Ocient closed a $40M Series B that brought total invested capital to $65M. The company plans to use the funds to grow engineering, customer success, operations, and sales and marketing, and expects headcount to double to 150 by the end of 2021. Ocient builds an ultra-large-scale relational database platform and SaaS designed to analyze multi-petabyte to exabyte-class datasets with interactive, sub-second query latency. Its DAS product can hold quadrillions of rows, ingest billions of rows per second, and filter/compute trillions of rows per second, and runs on commodity hardware or public cloud. The system targets use cases where NoSQL and Hadoop fall short, offering massively parallel processing and benchmarks that are typically ~50× faster than alternatives such as Presto (and up to 1,000× in some comparisons). The company says analytics that once took an hour can now take 10 seconds or less, enabling interactive insights on previously intractable datasets. Ocient has been expanding its team (hiring 15 employees and 9 interns in 2020 to reach over 50 employees) and plans to more than double headcount over the following year. The company also added senior management and advisory board members as it scales commercial and technical efforts. Ocient builds a relational database and analytics software platform designed to handle petabyte- to exabyte-scale data sets. Its platform is engineered to hold quadrillions of rows, ingest data at speeds of billions of rows per second, and filter and compute results at rates up to trillions of rows per second. The product targets organizations that need to analyze immense amounts of data at extreme scale. The company will use the new capital to support its engineering team, continue research and development, and activate a new development lab. Ocient was co-founded by Chris Gladwin, Joseph Jablonski and George Kondiles and is based in Chicago, IL. It secured about $10M in Series A funding to advance product and engineering work.

  • GigEasy

    Led · Equity · Jan 2024

    Ocient develops energy-efficient data analytics solutions aimed at handling always-on, compute-intensive workloads. The company says it serves a growing number of customers around the globe. Ocient announced a $49.4M funding round to further deliver its energy-efficient analytics offerings. The firm emphasized its focus on customer success and thanked its customers for continued support. The announcement also highlighted appreciation for the Ocient team behind the product.

Team

  • Jim Dugan

    CEO, Co-Founder, and Founding Managing Partner

    LinkedIn
  • Peter Ianello

    Chairman & Co-Founder

  • John Dugan

    Chairman Emeritus & Co-Founder

  • Dana Sun

    Senior Associate

    LinkedIn