Qubole Raises $25 Million in Strategic Round
SANTA CLARA, Calif., Nov. 8, 2017 — 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). Singtel Innov8’s investment provides an important anchor for Qubole’s APAC expansion. Continuing the company’s momentum, Qubole also announced the appointments of Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice President of Products.
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. 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 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,” said Punit Chiniwalla, Senior Director, Singtel Innov8. “We are excited to partner with Qubole and their incredibly talented team.”
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. The addition of Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice President of Products positions Qubole for its next stage of growth. Kennedy has a diverse background having held executive positions leading sales, services and support, as well as marketing, product management and development at PeopleSoft, Oracle and Ooyala. Bhatnagar has deep product and general management expertise with hands-on experience at startups and large enterprises, including NetApp, McKinsey and Symantec.
“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.”
For more information, please visit Qubole’s website.
Qubole, a leading cloud-agnostic, big-data-as-a-service provider, is passionate about making data-driven insights easily accessible to anyone. Qubole is building the industry’s first autonomous data platform. 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. Qubole customers process nearly an exabyte of data every month. Qubole investors include CRV, Lightspeed Venture Partners, Norwest Venture Partners and IVP. For more information visit www.qubole.com