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- Qubole
Qubole Acquisition, Valuation, Funding & Investors
Qubole was acquired by Idera for $600M in October 2020, a 1.9x multiple on $324M of revenue.
Qubole acquisition price
$600M
Acquired by Idera · Oct 2020
Qubole revenue at acquisition
$324M
Last twelve months · Oct 2020
Qubole revenue multiple at acquisition
1.9x
EV/Revenue · Oct 2020
Cumulative funding Qubole raised
$78M
across 5 funding rounds
About Qubole
Qubole was a Santa Clara, California-based big-data-as-a-service company, founded in 2011 by former Facebook data engineers Ashish Thusoo and Joydeep Sen Sarma, who had contributed to Apache Hive. Its cloud-agnostic Qubole Data Service platform automated Hadoop, Spark, and other big-data workloads across AWS, Google Cloud, and Microsoft Azure, letting enterprises run analytics, machine learning, and streaming data workloads without managing infrastructure. Clients included Autodesk, Lyft, Samsung, Pinterest, and Ola before the company was acquired by database tools provider Idera in 2020.
Founded
2011
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$324M (Oct 2020)
Valuation
$600M (acquired Oct 2020)
Qubole Acquisition
Qubole was acquired by Idera for $600M on 13 October 2020.
The acquisition price implies a 1.9x revenue multiple on $324M of revenue.
Before the acquisition Qubole had raised $78M across 5 funding rounds.
Qubole was a Santa Clara, California-based data lake platform company founded in 2011 that developed the Qubole Open Data Lake Platform for machine learning, streaming data, and ad hoc analytics tasks. The company had raised $75-77.9 million in total funding across seven rounds from venture investors including Lightspeed Venture Partners, Norwest Venture Partners, and others. Idera, a Houston-based provider of database design and management software tools, acquired Qubole on October 13-14, 2020, integrating the open data lake platform into Idera's Database Tools division alongside existing brands such as WhereScape and AquaFold. The acquisition was designed to expand Idera's capabilities into big data applications and cloud computing, adding cross-cloud data lake, pipeline, and machine learning workload orchestration technology. The specific acquisition price was not disclosed by either company.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 13 Oct 2020 | PE buyout | $600M | 1.9x |
Qubole Funding History
Qubole has raised a total of $78M across 5 funding rounds.
Qubole's first fundraising round was a $7M Series A in April 2013. The most recent completed round was a $3M Series E in August 2019.
Qubole funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2019 | Series E | Norwest; Employee Stock Option Fund; Blue Cloud Ventures | $3M | - |
| Nov 2017 | Series D | Harmony Partners (lead); Singtel Innov8 (lead); IVP; Norwest; Lightspeed Venture Partners; CRV | $25M | Qubole is a big data-as-a-service (BDaaS) company founded in 2013 by Ashish Thusoo and Joydeep Sen Sarma, former Facebook data engineers who contributed to Apache Hive. The platform is cloud-agnostic, supporting Hadoop, Spark, and other technologies across AWS, Google Cloud, and Microsoft Azure, enabling self-managing big data analytics for enterprises. Clients include Autodesk, Lyft, Samsung, Pinterest, Ola, Saavn, and Indix. On November 8, 2017, Qubole raised $25 million in a strategic funding round led by Singtel Innov8 and Harmony Partners, with participation from existing investors CRV, Lightspeed Venture Partners, Norwest Venture Partners, and IVP. This brought total funding to $75 million following a $30 million Series C in January 2016 led by IVP. Proceeds will fuel R&D in serverless computing, data science, deep learning, faster ad-hoc query processing, multi-cloud expansion including Google Cloud Platform, geographic growth in APAC (India, Australia, Singapore), sales, marketing, and high-security deployments like healthcare. The company appointed Kevin Kennedy as COO and Mohit Bhatnagar as SVP Products to support expansion. |
| Jan 2016 | Series C | IVP (lead); Norwest; Lightspeed Venture Partners; CRV | $30M | Qubole is a big data-as-a-service platform providing on-demand Hadoop and analytics services with a simple interface that automates resource allocation for queries using engines like Spark and MapReduce. In January 2016, Qubole raised $30 million in a funding round led by IVP, with participation from existing investors CRV, Lightspeed Venture Partners, and Norwest Venture Partners. The funds were intended to expand processing engine options, sales efforts in Europe and Asia-Pacific, and overall adoption of its Hadoop-as-a-service offering. At that time, Qubole had raised a total of $50 million in outside funding. The platform targets enterprises needing flexible big data analytics without manual infrastructure management, competing with companies like Altiscale. Qubole's model emphasizes cloud-native workloads for ad-hoc queries, batch processing, and multi-engine support. A subsequent $25 million strategic round in 2017 was led by Singtel Innov8 and Harmony Partners, with participation from the same investors including IVP, CRV, Lightspeed, and Norwest. The company planned expansions into serverless computing, data sciences, and regions like APAC, including India, Australia, and Singapore, alongside competitors such as Cloudera, Hortonworks, MapR, and Databricks. |
| Dec 2014 | Series B | Norwest (lead); Lightspeed Venture Partners; CRV | $13M | Qubole, a US- and Bangalore-based big data company, provides cloud-based big data services through its flagship product Qubole Data Service (QDS), which runs on Hadoop infrastructure and integrates with platforms like Amazon Web Services, Google Compute Engine, and Microsoft Azure. QDS enables developers and non-developers to analyze and collaborate on company data cost-effectively, eliminating hardware maintenance costs. Clients at the time included Pinterest, Quora, MediaMath, TubeMogul, Answers.com, Videoplaza, and Pubmatic. Qubole raised $13 million in a Series B funding round on December 10, 2014, led by Norwest Venture Partners, with participation from CRV and Lightspeed Venture Partners, bringing total funding to $20 million following a prior $7 million Series A in April 2013. The proceeds supported customer base expansion and integration efforts, such as a recent partnership with Microsoft Azure. Norwest principal Rama Sekhar highlighted Qubole's innovative approach to simplifying big data analysis via public cloud. |
| Apr 2013 | Series A | Anand Rajaram; Venky Harinarayan; Lightspeed Venture Partners; CRV | $7M | - |
Who has invested in Qubole?
10 investors have backed Qubole across its funding rounds, including Lightspeed Venture Partners, Norwest, CRV, IVP, Employee Stock Option Fund and Singtel Innov8.
Lead investors include Harmony Partners, Singtel Innov8, IVP and Norwest.
Qubole Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Dec 2014 | ||
| 4 | Participant | Apr 2013 | ||
| 4 | Participant | Apr 2013 | ||
| 2 | Lead | Jan 2016 | ||
| 1 | Participant | Apr 2013 | ||
| 1 | Participant | Apr 2013 | ||
| 1 | Lead | Nov 2017 | ||
| 1 | Participant | Aug 2019 | ||
This data is available for Pro users. Sign up to see all 10 Qubole investors. Start Free Trial | ||||
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Start Free TrialQubole Competitors
Qubole competitors include listed companies like Business-intelligence and Teradata, and private ones like Chalk, Atlan, StarTree and MotherDuck.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | $10M | - | $750M | 75.0x | ||
| Private | - | - | $426M | - | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $389M | $54M | $2B | 5.9x | ||
| Publicly listed | $1.7B | $285M | $2.7B | 1.5x |
Qubole Public Comps
Qubole is no longer listed, but its public comps include Plus Alpha Consulting, Cognyte Software, Latent View Analytics, Claritev, Happiest Minds Technologies, Spire Global, Similarweb, WingArc1st, BTQ Technologies and Zhongfu Information.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $110M | $36M | 4.2x | 3.8x | 12.9x | 9.4x | |||
| $400M | $21M | 1.5x | 1.4x | 27.6x | 9.8x | |||
| $111M | $27M | 4.4x | 4.0x | 17.8x | 18.2x | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
| $241M | $43M | 2.0x | 1.9x | 11.5x | 10.7x | |||
| $72M | ($40M) | 5.5x | 5.1x | (9.9x) | (13.6x) | |||
| $283M | ($15M) | 2.5x | 2.3x | (48.6x) | 26.2x | |||
| $199M | $70M | 3.5x | 3.3x | 10.0x | 10.5x | |||
This data is available for Pro users. Sign up to see all Qubole competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Qubole
| When was Qubole founded? | Qubole was founded in 2011. |
| Where is Qubole headquartered? | Qubole is headquartered in San Jose, CA, United States. |
| Is Qubole publicly listed? | No, Qubole was acquired by Idera in October 2020. |
| Who acquired Qubole? | Qubole was acquired by Idera in October 2020. |
| How much was Qubole acquired for? | Qubole was acquired for $600M in October 2020, a 1.9x revenue multiple. |
| How much funding has Qubole raised? | Qubole has raised $78M across 5 funding rounds. |
| What was Qubole's last funding round? | Qubole's last funding round was a $3M Series E in August 2019. |
| Who are Qubole's investors? | Qubole's investors include Norwest, Lightspeed Venture Partners, CRV, IVP, Anand Rajaram, Venky Harinarayan, Singtel Innov8, Employee Stock Option Fund, Harmony Partners and Blue Cloud Ventures. |
| Which companies are comparable to Qubole? | Companies comparable to Qubole include Chalk, Atlan, StarTree, MotherDuck, Business-intelligence and Teradata. |
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