Data-as-a-service provider Qubole has closed a funding of $25 million 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).
Started in 2011, California-headquartered Qubole has offices in Bangalore and Singapore. The company will use the capital for its expansion in Asia Pacific region. It said in a statement that APAC has become a hotbed for big data, artificial intelligence and machine learning talent, and Qubole looks to expand its presence across South East Asia including India, Australia and Singapore. The companies clients include players like Ola Cabs, Saavn, Indix etc.
The company also announced the appointments of Kevin Kennedy as its new Chief Operating Officer and Mohit Bhatnagar as its new Senior Vice President of Products. Kennedy has led executive positions in sales, services and support, as well as marketing, product management and development at companies like PeopleSoft, Oracle and Ooyala. Bhatnagar has prior experience with startups and large enterprises like NetApp, McKinsey and Symantec.
Qubole’s Previous Funding
- In January 2016, the big data company raised $30 million in a series C round of funding led by Institutional Venture Partners (IVP). Existing investors Norwest Venture Partners, Lightspeed Venture Partners and CRV also participated in the round of funding.
- Qubole had raised $13 million in December 2014 in a series B financing led by Norwest Venture Partners. Earlier in 2013, Qubole had got funding from Light Speed Ventures, Charles River Ventures, Anand Rajaraman, and Venky Harinarayan.
- The company was also one of the 13 companies incubated by Microsoft Accelerator in 2013. Qubole’s founders Joydeep Sen Sarma and Ashish Thusoo had previously develop Apache Hive, Facebook’s big data infrastructure.