Big Data SaaS Startup Qubole Raised US$25Mn From Singtel Innov8, Harmony Partners
Big Data SaaS Startup, Qubole, has closed a US $25-million strategic round of funding led by Singtel Innov8 and Harmony Partners with participation from existing investors Charles River Ventures, Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners.
With Singtel Innov8’s support, Qubole is looking to expand its presence across South East Asia, including India, Australia and Singapore. Singtel Innov8 is the venture capital arm of Singapore’s largest telecommunications company Singtel Group.
Singtel Innov8’s investment provides an anchor for Qubole’s APAC (Asia Pacific) expansion. Qubole also announced the appointments of Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice-President of Products.
Big Data SaaS Startup Qubole was started in 2011 by Ashish Thusoo and Joydeep Sen Sarma headquartered in Santa Clara, California and has offices in Bengaluru and Singapore.
It provides enterprises a Saas (software-as-a-service) platform to analyze their data stored (or fed almost everyday) on cloud servers.
The platform—Qubole Data Service – is compatible with Amazon Web Services (AWS), Microsoft Azure, and Oracle Cloud. Its clients include Autodesk, Lyft, Samsung and Under Armour, and Ola Cabs, Saavn and Indix in India.
“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 co-founder, 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 a cloud-agnostic big data platform in the world, growing revenue at more than 100 per cent year-over-year. Qubole processes nearly 750+ petabytes of data in the cloud per month for enterprises that include Autodesk, Lyft, Samsung and Under Armour.