Qbeast, a cutting-edge data optimisation platform, has secured $7.6 million in seed funding to enhance its offerings. Led by Peak XV’s Surge, with contributions from HWK Tech Investment and Elaia Partners, the funding will be used for team expansion, broadening product support, and advancing the company’s mission to make data platforms faster and more cost-efficient.
Qbeast’s platform integrates seamlessly with existing data tables like Delta, Iceberg, and Hudi, enhancing performance by focusing only on necessary data. Its unique multi-dimensional indexing supports complex queries, optimizing both real-time and historical data analysis. The platform works with popular compute engines such as Spark and Snowflake without requiring major changes to existing systems.
Srikanth Satya, an experienced cloud infrastructure leader, has been appointed as the new CEO to guide Qbeast’s global expansion. Under his leadership, the company aims to simplify high-performance analytics, making it accessible without binding users to proprietary systems. Qbeast’s technology has already demonstrated impressive results, improving query speeds and reducing compute costs significantly in sectors like finance and healthcare.
Flavio Junqueira, CTO of Qbeast, highlights the platform’s ability to minimize hidden compute costs in data layouts, offering a solution that is both engine and format neutral. The company envisions enabling all organizations to leverage their data efficiently without incurring high cloud costs or needing extensive technical teams.
