Big Data + Analytics News

Big Data As A Service Startup Qubole Raises $25 Million in Strategic Round, fuels APAC expansion

The strategic round of funding was 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).

Big Data As A Service Startup Qubole Raises $25 Million in Strategic Round, fuels APAC expansion 08/11/2017
Big Data As A Service Startup Qubole raises $25M, fuels APAC expansion

Photo Credit: Glassdoor

 Big data as a  service company Qubole announced today it has raised $25 million in funding.

The Asia Pacific region has become a hotbed for big data, artificial intelligence and machine learning talent.

Singtel Innov8's investment is a significant boost to Qubole's expansion in the region.

Qubole already services customers across India. The California-based startup is fully committed to the region with a central office in India, Bangalore and a sales office in Singapore.

 With Singtel Innov8's support, Qubole looks to expand its presence across South East Asia including India, Australia and Singapore.

“There is a significant opportunity for big data as a  service 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.” Punit Chiniwalla, Senior Director, Singtel Innov8 said in a statement.

 The investment continues the momentum for Qubole, who is now at a pivotal growth point. The startup’s sales momentum and product innovation in the last year have propelled them to the next stage of our global expansion.

As the demand for big data as a  service continues to grow and evolve, this strategic investment bolsters Qubole’s positions as the largest and leading cloud-agnostic big data platform in the world.

The startup was already growing revenue at more than 100 percent year-over-year.

Founded in 2011 by Joydeep Sen Sarma and Ashish Thusoo, Qubole’s mission is to make data-driven insights easily accessible to anyone.

Qubole processes nearly an exabyte of data in the cloud per month for some of the biggest enterprises such as Samsung, Under Armour, Autodesk and Lyft.

 Qubole Data Service (QDS), their cloud-based data platform enables customers to focus on their data by removing the burden of maintaining infrastructure. QDS is context-aware, self-managing, and self-learning to deliver unbeatable agility, flexibility and total cost of ownership.

Comments