View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 11, 2014

Qubole to take on rivals with $13m funding

Company set to take on Cloudera and Hortonworks.

By Amy-Jo Crowley

Qubole, the creator of Apache Hive, is set to take on rivals Hortonworks and Cloudera after raising $13m in funding.

The three-year-old firm, which created Facebook’s big data platform, closed a Series B funding round this week led by Norwest Ventures Partners.

The funding brings the company’s total to $20m and will be used to develop its big data services in the cloud.

"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."

The announcement comes at a time when the market of Hadoop vendors becomes increasingly competitive. The likes of Hortonworks, which recently filed an S-1 for an IPO, and Cloudera, which has raised more than $300m in funding, are trying to stake a claim.

Qubole’s flagship product, Quality Data Services (QDS), uses Hadoop infrastructure to allow users users to prepare, integrate, and analyse their data in the cloud.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

The firm, whose customers include Pinterest, Quora and MediaMathm, claims it processes 83 petabytes of data per month and that its customers used 4.96 million cloud compute hours in November.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.