Qubole Raised $13 Million in Series B Funding
Big data Software-as-a-Service start-up Qubole, has raised $13 Million in a series-B round of funding bringing their total raised to $20 Million to date. This round of funding was led by Norwest Venture Partners. This has been a big year for the company that just last month formed a partnership with Microsoft to integrate Qubole Data Service (QDS) for their Azure customers. Previous investors include Anand Rajaram, Venky Harinarayan, Lightspeed Venture Partners, and CRV (Charles River Ventures).
Rama Sekhar, principle at Norwest Venture Partners who’s investments are mostly focused on startups was quoted as saying, “Qubole is changing the big data conversation by tapping the power of the public cloud to provide a simple, cost-effective solution that turns the complicated task of analyzing data into a seamless everyday business process. The Qubole team includes some of the most innovative entrepreneurs in the industry who are committed to meeting the evolving data needs of the enterprise.”
Founded is 2011 and based out of Mountain View, CA, Qubole offers big data analysis and management off a cloud-based data platform. The company was founded by Ashish Thusoo and Joydeep Sen Sarma, who both had previously worked on Facebook’s big data infrastructure. At the time of writing the Quoble website says they have processed almost 500K TB of data
Ashish Thusoo, CEO & Co-Founder, Qubole was quoted as saying, “We know the real power of big data is getting it to the right people at the right time. Our mission is to help every company and every person at that company leverage big data to make a meaningful business impact. We’ve seen tremendous adoption for our self-service platform and expect this to accelerate as our customers experience the incredible business outcomes that occur when everyone can access, process and collaborate with cloud data.”
