Cube Dev

Cube Dev is the developer of the Cube.js modular platform for creating analytical applications. Cube.js was created to translate and send natural language requests to any data sources directly from Slack. Cube Dev helps software developers create new business intelligence tools or add analytics to existing customer applications.

The company was founded in 2016 by Russian programmers Artem Keidunov and Pavel Tiunov. The office of the startup is located in San Francisco.

History

2021: Attracting $15.5 million investment

On July 19, 2021, Cube Dev announced the attraction of $15.5 million in investments. In the Series A funding round, the venture capital fund Decibel, as well as Bain Capital Ventures, Betaworks and Eniac Ventures, invested in the startup.  The participants did not disclose the details of the transaction.

Cube Dev intends to spend the funds received on the Cube Cloud platform, which is a conductor between the database and the application. Typically, the application developer creates this link on its own. However, the founders of Cube Dev believe that their technology will save 95% of the time for development. The remaining 5% of the time will have to be spent on customization and configuration of the platform.

Russian startup, which made an analytical platform from a chatbot, raised $15.5 million

Cube Dev does not disclose its financial performance. The director of investment fund Fort Ross Ventures Denis Efremov   soobshchilforbes that taking into account the amount of financing and possible estimates the company has to have revenue not less than $3-4 million a year.

Initially, the startup launched  the Statsbot chat bot, which collects sales analytics at the request of small online stores. It was created to translate and send natural language requests to any data source from Slack. Then a designer was created to analyze  Cube.js  for a narrow audience of fellow programmers. Cube.js users create applications sharpened for their tasks that aggregate data from different sources and graphically visualize it.

Investors see the future of the big data industry in cloud storage and are actively investing in tools that help companies create innovative applications on these new platforms, "said Cube Dev co-founder Artem Keidunov, whose words are quoted by the publication.

According to MarketsandMarkets analysts, the global cloud database market will grow from $12 billion in 2020 to $24.8 billion by 2025, the average annual growth will be 15.7%.^[1]

2020: Attracting $6.2 million of investments

At the end of September 2020, Cube Dev announced the attraction of $6.2 million in investments. The main source of this round of funding was the Bain Capital Ventures fund. Also involved in the deal were Eniac Ventures, Betaworks, Innovation Endeavors and Slack Fund, which had previously invested in the startup, and new investors represented by Uncorrelated Ventures and Overtime.vc. How much each of them invested in Cube Dev is not specified.

Cube Dev intends to spend the money received on increasing the staff of specialists (primarily developers with knowledge in the field of databases, programming on Rust and Node.js), developing new open products and bringing solutions to the commercial market.

The Russian-founded platform developer for creating analytical applications raised $6.2 million

The solution from Cube Dev allows developers to easily introduce analytics into their products and create better applications that give companies a detailed idea of ​ ​ business processes, "said Bain Capital Ventures partner Stefan Cohen, commenting on the fund's participation in investing in Cube Dev.

According to Cohen, Bain Capital Ventures invested in Cube Dev, as its team created the "widely available Cube.js tool, which quickly gained popularity among developers around the world."

The company plans to earn money on Cube.js using the Cube Cloud cloud service, which by the end of September 2020 is in closed beta status.^[2]

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