Qubole, the big data-as-a-service company, 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.
“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.”