California-headquartered cloud based data platform, Qubole has secured USD 13 million in series B round led by Norwest Venture Partners to expand its Big Data-as-a-Service Platform. Last year, the company had raised USD 7 million in series A funding from LightSpeed Ventures, Charles River Ventures, Anand Rajaraman, and Venky Harinarayan. The latest round brings the total capital of the company to date is USD 20 million.
The new funds will be used to accelerate the impact of Big Data for any business. Recently, the firm had made a partnership with Microsoft Azure to integrate Qubole Data Service (QDS) to Azure customers. The company’s main product QDS runs Hadoop infrastructure where developers and non-developers can easily analyze and collaborate with their company’s data.
QDS provides IT organizations the option to use cloud infrastructure – Google Compute, AWS or Azure to provide users with self-service access to data and eliminating the capital expenditures associated with maintaining hardware and support staff.
Qubole customers include Pinterest, Quora, MediaMath and TubeMogul. The company’s platform currently processes 83 petabytes of data every month and customers conducted more than 4.96 million compute hours of data analysis in November on the Qubole Data Service as per the company.
The company was founded by Ex-Facebook Big Data engineers Joydeep Sen Sarma & Ashish Thusoo in 2011.Category Business Investments