Qubole Closes $30M Series C Financing

qubole_logoQubole, a Mountain View, CA-based big data-as-a-service company, closed a $30m Series C financing.

The round was led by Institutional Venture Partners with participation from CRV, Lightspeed Venture Partners and Norwest Venture Partners. In conjunction with the funding, IVP General Partner Somesh Dash will join the Qubole board of directors.

The company, which has raised $50m in total funding, will use the funds to expand the availability of its platform to new verticals, including Internet of Things (IoT), life sciences and retail, and larger enterprises that are accelerating their usage of the cloud.

Led by Ashish Thusoo, CEO and Co-founder, Qubole provides a cloud-based platform that allows users to process huge volumes of structured and unstructured data by leveraging clouds such as Amazon Web Services, Google Cloud Platform and Microsoft Azure.
Customers include Datalogix (Oracle), BloomReach, Pinterest, TubeMogul and Fanatics.



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