QuBit Announces $7.5 Million Series A Investment Led by Balderton Capital

QuBit Announces $7.5 Million Series A Investment Led by Balderton Capital PR Newswire LONDON, December 4, 2012 LONDON, December 4, 2012 /PRNewswire/ -- Big data analytics technology provider raises funds for new products and international expansion QuBit (http://www.qubitproducts.com), the customer data platform, has today closed a $7.5 million Series A funding round led by the EU's leading venture investor, Balderton Capital (http://www.balderton.com). Bernard Liautaud, General Partner at Balderton Capital and previously founder of Business Objects, will also be joining QuBit's board. During 2012, QuBit has seen revenues grow by 300% and has added over 1,000 customers to its SaaS platform. The funding will be used by QuBit to bring to market the company's new SaaS platform as well as to further develop its hugely successful SaaS tag management product, OpenTag. In addition, the funding will be used to help build QuBit's presence in the US and mainland Europe. Founded by four ex-Google product, marketing and engineering executives, QuBit has developed a suite of products that help major website owners make their online presences more effective. Using advanced big data collection and analysis techniques, QuBit's products are enabling a new generation of optimisation and personalisation strategies on websites. The company works with major eCommerce businesses and publishers including Arcadia Group, John Lewis, BBC and Staples.