Software as-a-Service analytics platform, Qubole has raised $7 million in Series A funding from Charles River Ventures, Lightspeed Venture Partners, Venky Harinarayan and Anand Rajaram.
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 which allows users to put together enormous amounts of data in the Amazon cloud without the help of any specialist.
Qubole data services are based on Hadoop eco-system which is an open source software framework that supports data intensive distributed applications. They also founded and authored Apache Hive, which is a data warehouse infrastructure built on top of Hadoop for providing data summarization, query, and analysis. While initially developed by Facebook, Apache Hive is now also used and developed by other companies such as Netflix and Amazon Web Services.
Founded by Ex Facebook Big Data Engineers, Qubole data services provides users with quick and easy ways to analyze, store and maintain their BIG DATA strategically and with reduce complexities. Also, it is now open to enterprises of all sizes and free trial accounts are also available. Currently it is operating from Bangalore in India and Palo Alto in USA.
Charles River Ventures is an early-stage venture capital fund with approximately $2.1 billion under management and invests in high growth technology and media sectors.
Lightspeed Venture Partners, with teams in Menlo Park, China, India and Israel focuses on investments in enterprise infrastructure, internet media and commerce, mobile, digital media and cleantech. In india, operating from New Delhi since 2004, Lightspeed has invested across various sectors with an investment ranging between $1 to $25 million. The company’s indian portfolio consists of asklaila, dhingana, fashionara, IEX, ITZ, Limeroad.com, tutorVista and One Assist.