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December 11, 2014

Qubole to take on rivals with $13m funding

Company set to take on Cloudera and Hortonworks.

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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.

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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.

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