Qubole – the Indian startup which is known for providing Big data-as-a-service, have raised $30 Million worth funding in Series C round. This round of funding for Qubole was raised by Institutional Venture Partners (IVP) and the existing investor CRV, Norwest Venture Partners and Lightspeed Venture Partners.
Under the agreement of this funding deal, General Partner at IVP, Somesh Dash will be part of Qubole’s board of directors. Qubole will aim at expansion of services by increasing the availability of QDS (Qubole Data Service) which is a self-service platform for big data and analytics.
This additional investment will enable us to expand our efforts in sales, marketing and product development while continuing to serve our current customers with excellence. –Ashish Thusoo, CEO & co-founder of Qubole.
Qubole was found by Ashish Thusoo and Joydeep Sen Sarma in 2011. The concept of Qubole is to provide technical and non-technical people with analysis of big data generated by their companies and provide them with cost-effective rate.
Qubole have already processed over 250+ petabytes of data on monthly basis and most of the services offered by Qubole rely on the well known Amazon Web Services, Google Cloud and Microsoft Azure.
Qubole is already associated with names including Datalogix (Oracle), BloomReach, Pinterest, TubeMogul and Fanatics.