Qubole Raised $25 In funding
Qubole, the big data-as-a-service company, today announced it has closed a $25 million strategic round of funding led by Singtel Innov8 and Harmony Partners with participation from existing investors Charles River Ventures (CRV), Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners (IVP).
Qubole is the largest cloud-agnostic big data platform in the world, growing revenue at more than 100 percent year-over-year. Qubole processes nearly an exabyte of data in the cloud per month for enterprises that include Autodesk, Lyft, Samsung and Under Armour.
Qubole is now at a pivotal growth point. Our sales momentum and product innovation in the last year have propelled us to the next stage of our global expansion,” said Ashish Thusoo, CEO and cofounder, Qubole. “As big data market demands continue to grow and evolve, this strategic investment and the addition of Kevin and Mohit to our leadership team position Qubole as the leader in helping enterprises around the world successfully meet their big data project goals.”
Qubole is committed to the Asia Pacific region with a central office in Bangalore, India and a sales office in Singapore, led by Joydeep Sen Sarma, cofounder and CTO. APAC has become a hotbed for big data, artificial intelligence and machine learning talent, and Qubole already services customers across India, including Ola Cabs, Saavn and Indix.
There is a significant opportunity for big data in the Asia Pacific region.
The cloud-based data platform, Qubole Data Service (QDS), removes the burden of maintaining infrastructure and enables customers to focus on their data. QDS is context-aware, self-managing, and self-learning to deliver unbeatable agility, flexibility and total cost of ownership.