Analytics Firm Qubit Picks Up Funding

Analytics firm Qubit has picked up $26 million in Series B funding, led by Accel Parters, TechCrunch is reporting.

“Salesforce Ventures also participated in the round, along with existing investor Balderton Capital. The startup raised a Series A round of $7.5 million in 2012 and has raised $36.5 million in total since being founded back in 2010 by a group of ex-Googlers,” the story said. “Qubit said it plans to use the new funding for continued R&D investment, including predictive data, and for pushing aggressively in the U.S..”

Qubit touts that it has more 150 large users, including Staples, Hilton Hotels and Jimmy Choo, and is reporting “260 percent year on year growth in sales in the six months” through June 2014, the story said.

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