Sunday, June 23

Big Data Startup Qubole Raised $25M Funding

Santa Clara based big-data and analytics startup Qubole has raised a funding of $25 million from Singtel Innov8 and Harmony Partners on Thursday.

The round also saw participation from its existing investors Charles River Ventures, Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners who also infused in the funding, making it to a total of $75 million.

The funds will be utilised to expand its operations in Asia-Pacific region, superheaded from its sales office in Singapore led by co-founder and CTO Joydeep Sen Sarma.

“There is a significant opportunity for big data in the Asia Pacific region. Qubole makes it easy for enterprises to access best-in-class analytics for quicker, more accurate decision making in a cost-efficient way. We are excited to partner with Qubole and their incredibly talented team,” said Punit Chiniwalla, Senior Director of Singtel Innov8.

Qubole has also announced that the big data-as-a-service company has appointed Kevin Kennedy as its new chief operating officer(COO) and Mohit Bhatnagar as the Senior VP for Products.

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Founded back in 2011 by Ashish Thusoo and Joydeep, the company provides a cloud based self learning data platform that self-manages and create context awareness. It aims to unwind the burden of maintaining infrastructure and enable customers to focus on data.

Qubole has entertained customers like Autodesk, Samsung, Lyft and others. The platform—Qubole Data Service – is compatible with Amazon Web Services (AWS), Microsoft Azure, and Oracle Cloud.


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