Lightspeed, Charles River invest in big data firm Qubole

The company's Qubole Data Service is a cloud data platform developed to help run analytics for businesses. It can integrate and consolidate data from multiple sources and provide instant access through analytic tools like Tableau, Excel and R. The service can be applied to e-commerce, ad tech, web and mobile applications, and gaming verticals.

Qubole's co-founders Ashish Thusoo and Joydeep Sen Sarma built and ran Facebook's data service. The company is run out of Palo Alto and Bangalore offices, and its customers include global media buying platform Mediamath and performance display advertising company YD World.

It has recently made Qubole Data Service open to enterprises of all sizes, offering them free trial accounts.

Lightspeed Venture Partners is currently investing out of Lightspeed IX, a $675 million fund focused on early and expansion stage investments in the consumer, enterprise technology and cleantech markets. The firm has a number of big data firms in its portfolio, which includes Datastax, Origami Logic and Real Time Genomics. The VC recently raised $168m for its China fund.

Big data is being touted as the next major opportunity for technology investors in India. Earlier this month, Nexus Venture Partners and Avalon Ventures jointly committed $4.5 million to Indian data and analytics start-up Indix.

One of the big transactions from 2012 was Mu Sigma's $108 million Series D round led by General Atlantic and Sequoia Capital. The company has 1,500 analytics professionals at its main delivery center in Bangalore who provide big data services to a number of Fortune 500 clients. Mu Sigma was set up in 2004 and posted revenue growth of 886% between 2008 and 2010.

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• Topics
• Technology
• Early-stage
• Technology
• Lightspeed Venture Partners