Big data startup Qubole, has secured $13 Mn in new funding round led by Norwest Venture Partners. The startup plans to use the funds raised to expand Qubole’s mission to help every company to use the cloud to turn data into business growth.
“We know the real power of big data is getting it to the right people at the right time. Our mission is to help every company and every person at that company leverage big data to make a meaningful business impact,” said Ashish Thusoo, CEO and co-founder of Qubole. “We’ve seen tremendous adoption for our self-service platform and expect this to accelerate as our customers experience the incredible business outcomes that occur when everyone can access, process and collaborate with cloud data.”
Qubole empowers both developers and non-developers to access big data generated by their companies to gain actionable insights at a cost-effective rate.
Qubole’s flagship product, QDS, runs Hadoop infrastructure where users can easily analyze and collaborate with their company’s data. QDS provides IT organizations the option to use cloud infrastructure – Google Compute, Amazon Web Services or Azure – to provide users with self-service access to data while eliminating the capital expenditures associated with maintaining hardware and hiring skilled support to manage that infrastructure.
Qubole’s platform currently processes 83 petabytes of data every month; that’s up from 57 petabytes of data it processed in September. In addition, customers conducted more than 4.96 Mn compute hours of data analysis in November on the Qubole Data Service.
Recently it has entered into partnership with Microsoft Azure to integrate Qubole Data Service (QDS) to Azure customers, and