Qbeast Raises €2.5M in Funding

Qbeast

Qbeast, a Barcelona, Spain-based provider of a platform that simplifies the work for engineers managing data lakes, raised €2.5M in funding.

The round was led by Elaia, with participation from investors Sabadell Venture Capital and Uber Founding CTO Oscar Salazar and existing investor Inveready.  

The company intends to use the funds to accelerate go-to-market by filling key commercial positions and further investing in product development, technology, and partnerships.

Led by Cesare Cugnasco (CEO), Pol Santamaria, Paola Pardo, Clemens Jesche, and Nicolas Escartin, Qbeast provides a solution that optimizes the organization of data to simplify the work of Engineers and make it faster and cheaper to get insights, build data products, and train Machine Learning models at scale. Qbeast has developed an advanced open format for data lakes to power the solution.

The company’s solutions can be particularly interesting for Marketplaces, E-Commerce platforms, IoT, and companies from industries such as Advertising & Marketing, Manufacturing, Retail, and Financial Services.

Qbeast, a spin-off of the Barcelona Supercomputing Center, has already signed paying clients, such as a Cybersecurity company. Furthermore, Qbeast collaborates with Preply with the aim of improving the efficiency of Machine Learning model training.

FinSMEs

24/02/2023