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Qubole Raises $13M for Its Hadoop as a Service Platform
SI Team
Monday, January 12, 2015
Qubole, a cloud-based Big Data as a service developer, has secured $13 million in a series B financing led by Norwest Venture Partners. This brings the total investment in the company to $20 million. Earlier in 2013, Qubole had got funding from Light Speed Ventures, Charles River Ventures, Anand Rajaraman, and Venky Harinarayan. Hadoop is a platform for processing large scale data sets in a distributed fashion. It has established itself as the de facto big data processing platform in many companies. Hadoop can be used for small clusters of a few nodes up to several thousand computing nodes.

"Our mission is to help every company leverage Big Data to make a meaningful business impact," said Ashish Thusoo, CEO and Co-Founder at Qubole. "We have 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," he added. The startup was founded in 2011 by Ashish Thusoo and Joydeep Sen Sarma. Prior to Qubole, they built and ran social networking site Facebook's data service, Apache Hive.

Qubole offers a self-service platform to access, process and collaborate upon big data. Rather than many other on-premises Hadoop vendors, Qubole provides a turnkey solution in the cloud that automatically provisions clusters and scales them according to usage and use case. Qubole claims that its approach brings significant cost savings, solves the skill shortage dilemma and reduces the risk of deploying big data.

Qubole counts Pinterest, Quora, MediaMath and TubeMogul as its customers. The company also claims that it processes 83 petabytes of data every month and its customers have conducted more than 4.96 million compute hours of data analysis in November on the QDS service.

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