Qubole Banks $25 Million Investment Amidst Executive Shakeup

Qubole Banks $25 Million Investment Amidst Executive Shakeup

Source: Qubole

Qubole recently said that it has closed on $25 million in new strategic funding led by Singtel Innov8 and Harmony Partners with participation from existing investors. Additionally, the big data software provider appointed Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice President of Products. The injection brings the company’s total funding raised to $75 million in four rounds since being founded in 2011.

Qubole is based in Santa Clara, California, and has a major presence in the Asia Pacific region. The investment will allow them to expand their reach across South East Asia including India, Australia, and Singapore. Qubole has grown exponentially in a short timeframe, and now boasts the largest cloud-agnostic big data platform in the world.

Back in May, the vendor unveiled the industry’s first autonomous data platform, something they are still building today. The solution intelligently automates and analyzes platform usage to increase the effectiveness of data teams in the enterprise. The architecture analyzes metadata (queries, clusters, users, data, etc.) generated by platform usage and applies machine learning and artificial intelligence to create alerts, insights, recommendations and autonomous agents which perform actions automatically.

In a statement, the company’s co-founder and CEO Ashish Thusoo added: “Qubole is now at a pivotal growth point. Our sales momentum and product innovation in the last year have propelled us to the next stage of our global expansion. As big data market demands continue to grow and evolve, this strategic investment and the addition of Kevin and Mohit to our leadership team position Qubole as the leader in helping enterprises around the world successfully meet their big data project goals.”

Timothy King
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Timothy King

Editor, Data and Analytics at Solutions Review
Timothy leads Solutions Review's Business Intelligence, Data Integration, and Data Management areas of focus. He is recognized as one of the top authorities in Big Data, and the number-one authority in enterprise middleware. Timothy has also been named one of the world's top-75 most influential business journalists by Richtopia.
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