Funding

IVP leads Series C funding of big data company Qubole

21st Jan `16, 10:39 AM in Funding

Mountain View, Calif.-based Qubole, a big data-as-a-service provider, announced it has raised $30 million in Series C financing. IVP led the round, which…

BDMS
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Mountain View, Calif.-based Qubole, a big data-as-a-service provider, announced it has raised $30 million in Series C financing. IVP led the round, which included existing investors CRV, Lightspeed Venture Partners and Norwest Venture Partners. As part of the funding, IVP General Partner Somesh Dash has joined the board. The company has now raised $50 million in total funding, including a $13 million Series B round in late 2014.

PRESS RELEASE

Qubole Closes $30 Million Investment to Extend Leadership in Big Data in the Cloud

IVP leads Series C financing along with existing investors CRV, Lightspeed Venture Partners and Norwest Venture Partners

MOUNTAIN VIEW, CALIF. – Jan. 21, 2016 – Qubole, the big data-as-a-service company, today announced that it has closed a $30 million Series C financing, bringing its total funding to $50 million. IVP led the financing and General Partner Somesh Dash will join the Qubole board of directors. Existing investors CRV,Lightspeed Venture Partners and Norwest Venture Partners invested additional capital into the company as part of the financing.

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