Qubole raises $13 million from Norwest Venture Partners

Data-as-a-service provider Qubole 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. The company was also one of the 13 companies incubated by Microsoft Accelerator in 2013. Qubole’s founders Joydeep Sen Sarma and Ashish Thusoo had previously develop Apache Hive, Facebook’s big data infrastructure. Qubole’s flagship product, QDS, runs the Hadoop infrastructure where both developers and non-developers can easily analyze and collaborate with their company’s data. QDS gives provides IT organizations the option to use cloud infrastructures such as Google Compute, Amazon Web Services and Azure to provide users with self-service access to data and helps cut capital expenditures for maintaining hardware and support staff. 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.