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Thought Spot

ThoughtSpot is a business intelligence and big data analytics platform that helps you explore, analyze, and share real-time business analytics data easily. ThoughtSpot’s AI-Driven analytics platform puts the power of a thousand analysts in every business person’s hands. With ThoughtSpot, you can use search to easily analyze your data or automatically get trusted insights pushed to you with a single click.

ThoughtSpot connects with any on-premise, cloud, big data, or desktop data source and deploys 85 percent faster than legacy technologies. Business Intelligence and Analytics teams have used ThoughtSpot to cut reporting backlogs by more than 90 percent and make more than 3 million decisions – and counting.

ThoughtSpot’s customers include Amway, Bed Bath and Beyond, BT, Capital One, Celebrity Cruises, Chevron Federal Credit Union, De Beers, Insurethebox and Scotiabank.

The company was co-founded in 2012 by its CEO Ajeet Singh and six other technical co-founders from Google, Microsoft, Amazon, and Oracle. It is based in Palo Alto, CA and is currently expanding operations in North America, Europe and Asia-Pacific.

ThoughtSpot’s mission is to enable analytics at “human scale” and put search-driven analytics in the hands of 20M users by 2020.

Investor Information

Thought Spot from Wikipedia

ThoughtSpot, Inc. is a technology company that produces business-intelligence analytics search software. The company is based in Palo AltoCalifornia with additional offices in London[4] and Seattle.

ThoughtSpot was founded in 2012, and as of May 2017, had raised over $306 million in funding and putting the company into unicorn territory with a valuation of over $1 billion.[5] ThoughtSpot’s clients include the companies Bed Bath & Beyond and Hightail.[6]

ThoughtSpot was founded in 2012 by a team of engineers who previously worked for GoogleOracleMicrosoftYahoo, and other Silicon Valley companies. The CEO and Co-founder, Ajeet Singh, previously co-founded the company Nutanix.[3][7] In late 2012, ThoughtSpot raised $10.7 million in Series A funding led by Lightspeed Venture Partners.[8] In 2014, the company raised $30 million in Series B funding led by Khosla Ventures.[2]

In January 2016, the company opened an office in London in an effort to expand to the European market.[4] In February 2016, ThoughtSpot announced that it had increased its revenue by 810 percent over the previous year.[1] In May 2016, ThoughtSpot raised $50 million in Series C funding led by General Catalyst Partners.[6][9] In October 2016, the company expanded its series C funding with an investment from Hewlett Packard Pathfinder. As part of the investment, ThoughtSpot will enter the Pathfinder program and begin selling its software on Hewlett-Packard infrastructure.[10][11]

In May 2018, the company raised $145 million in Series D funding from Sapphire Ventures, Lightspeed Ventures, Khosla Ventures, General Catalyst and others to expand its AIbased analytics platform. The company is now valued over $1 billion.[12]

Technology

ThoughtSpot’s allows for non-technical individuals to conduct a self-service data analysis search.[13] ThoughtSpot’s relational search engine can analyze information from any data source, including data warehouses, point of sale data and social media sites.[3]

In 2015, ThoughtSpot released ThoughtSpot 3, which included DataRank, a machine learning algorithm that presents data suggestions to guide users as input is being typed, AutoJoins, which automatically graphs data sources and joins tables to calculate answers across previously siloed databases, and PopCharts a visualization engine that sorts through possible charts and graphs and presents users with the one best suited to their search.[14][15]

Recognition

In 2016, ThoughtSpot was named a “Cool Vendor in Analytics” by Gartner.[16] In 2017, the company announced that it was included on Gartner Magic Quadrant for Business Intelligence and Analytics Platforms report.[17] That same year, ThoughtSpot was included in Red Herring’s Top 100 North American Companies list.[18]