Big data startup Qubole has secured $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).
The company will deploy funds towards expanding its footprint in APAC region and Australia.
Qubole claims to be the largest cloud-agnostic big data platform in the world. It processes nearly an exabyte of data in the cloud every month for enterprises that include Autodesk, Lyft, Samsung and Under Armour among others.
The big data company is committed to the Asia Pacific region with a central office in Bangalore, India and a sales office in Singapore. The cloud-based data platform, Qubole Data Service (QDS), removes the burden of maintaining infrastructure and enables customers to focus on their data.
“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 in a statement. “We are excited to partner with Qubole and their incredibly talented team.”
The company 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.
Recently, the company has boarded Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice President of Products.
“We are 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.
Of late, Several startups in big data and analytics space have secured funding from varied investors. Cloud data protection and information management company, Druva had raised $80 million in a round led by Riverwood Capital in August 2017 while Bangalore-based Julia Computing snapped-up $4.6 million in seed funding from General Catalyst and Founder Collective in July this year.