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Qubole raises $7 m in Series A funding

Tags: Qubole, funding, charles river ventures, lightspeed ventures, entrepreneur india, series a, big data

April 25, 2013 | COMMENTS ( 0 )

Qubole raises $7 m in Series A funding

Bangalore and US-based Software-as-a-Service analytics platform start-up, Qubole has announced the completion of its Series A funding round of $7 million from Charles River Ventures and Lightspeed Ventures as well as through angel investment from Venky Harinarayan and Anand Rajaram. The announcement was made through a press release.

The company has initially raised seed funding as well and has in total raised $8 million including the recent investment.

The IIT Delhi alumni, and Cofounders of Qubole, Ashish Thusoo and Joydeep Sen Sarma looks towards this funding as the validation of Qubole’s rise as an innovative startup to watch in Big Data space which allows users to put together enormous amounts of data in the Amazon cloud without the help of any specialist.

Qubole also announced another major milestone in processed data volume, breaking the half petabyte mark since coming out of beta. Qubole Data Service is now open to enterprises of all sizes, and free trial accounts are available.

“We have reached a critical point where our model has been validated by customers and investors alike. A half petabyte of data processed demonstrates Qubole’s growth and viability and we are very excited to raise the bar again as we continue to innovate on behalf of our users,” said Ashish Thusoo, Co-Founder, Qubole.

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