Qbeast, a data infrastructure company based in Barcelona, Spain, has successfully raised $7.6 million in a seed funding round. The investment was led by Peak XV’s Surge, with additional contributions from HWK Tech Investment and Elaia Partners. Peak XV, previously known as Sequoia Capital India & SEA, is a prominent venture capital firm with a vast portfolio across India and Southeast Asia.
Qbeast plans to use the newly acquired funds to expand its team, enhance product support, and further its mission of simplifying and accelerating open data analytics platforms. Under the leadership of Srikanth Satya, Qbeast has developed a data optimization platform that improves the performance of open Lakehouse formats such as Delta Lake, Apache Iceberg, and Apache Hudi. The platform is designed to integrate smoothly with popular engines like Spark, Databricks, DuckDB, and Snowflake, without necessitating changes to storage layers or pipeline rewrites.
With its headquarters in Barcelona, Qbeast aims to make open data platforms faster, simpler, and more cost-effective.
