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

Qubole Overview

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

United StatesSan Jose, CA

Website

qubole.com

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.

Qubole acquisition details
AcquirerDateTypePriceEV/Revenue
  • Idera
13 Oct 2020PE buyout$600M1.9x

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

Qubole funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2019Series ENorwest; Employee Stock Option Fund; Blue Cloud Ventures$3M-
Nov 2017Series DHarmony Partners (lead); Singtel Innov8 (lead); IVP; Norwest; Lightspeed Venture Partners; CRV$25MQubole 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 2016Series CIVP (lead); Norwest; Lightspeed Venture Partners; CRV$30MQubole 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 2014Series BNorwest (lead); Lightspeed Venture Partners; CRV$13MQubole, 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 2013Series AAnand 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

Investors in Qubole by funding rounds participated
InvestorHQRoundsRoleFirst check
NorwestUnited StatesSan Francisco, CA4LeadDec 2014
Lightspeed Venture PartnersUnited StatesSan Francisco, CA4ParticipantApr 2013
CRVUnited StatesUnited States4ParticipantApr 2013
IVPUnited StatesSan Francisco, CA2LeadJan 2016
Anand RajaramUnited StatesBoston, MA1ParticipantApr 2013
Venky HarinarayanUnited StatesSan Francisco, CA1ParticipantApr 2013
Singtel Innov8SingaporeSingapore1LeadNov 2017
Employee Stock Option FundUnited StatesSan Francisco, CA1ParticipantAug 2019

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Qubole Competitors

Qubole competitors include listed companies like Business-intelligence and Teradata, and private ones like Chalk, Atlan, StarTree and MotherDuck.

Public and private companies comparable to Qubole
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ChalkUnited StatesSan Francisco, CAPrivate--$500M-
AtlanSingaporeSingaporePrivate$10M-$750M75.0x
StarTreeUnited StatesSan Francisco, CAPrivate--$426M-
MotherDuckUnited StatesUnited StatesPrivate--$400M-
Business-intelligenceChinaChinaPublicly listed$389M$54M$2B5.9x
TeradataUnited StatesUnited StatesPublicly listed$1.7B$285M$2.7B1.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Plus Alpha Consulting$110M$36M4.2x3.8x12.9x9.4x
Cognyte Software$400M$21M1.5x1.4x27.6x9.8x
Latent View Analytics$111M$27M4.4x4.0x17.8x18.2x
Claritev$965M$466M5.4x5.2x11.2x8.5x
Happiest Minds Technologies$241M$43M2.0x1.9x11.5x10.7x
Spire Global$72M($40M)5.5x5.1x(9.9x)(13.6x)
Similarweb$283M($15M)2.5x2.3x(48.6x)26.2x
WingArc1st$199M$70M3.5x3.3x10.0x10.5x

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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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