ThoughtSpot

ThoughtSpot was started in 2012 by Ajeet Singh (CEO) and Amit Prakash (CTO). The CEO and co-founder, Ajeet Singh, previously co-founded the company Nutanix.{{cite web|url=https://blogs.wsj.com/venturecapital/2014/02/05/former-googlers-create-thoughtspot-for-google-like-enterprise-search/|title=Former Googlers Create ThoughtSpot for Google-Like Enterprise Search|publisher=The Wall Street Journal|first=Deborah|last=Gage|date=February 5, 2014|access-date=July 29, 2016|archive-date=August 13, 2016|archive-url=https://web.archive.org/web/20160813194957/http://blogs.wsj.com/venturecapital/2014/02/05/former-googlers-create-thoughtspot-for-google-like-enterprise-search/|url-status=live}} The CTO and co-founders, Amit Prakash, came from Google where he was responsible for one of the machine learning systems for Ads. In late 2012, ThoughtSpot raised $10.7 million in Series A funding led by Lightspeed Venture Partners.{{cite web|url=https://gigaom.com/2014/02/05/nutanix-co-founder-launches-thoughtspot-an-appliance-for-analytics/|title=Nutanix Co-Founder Launches ThoughtSpot, an Appliance for Analytics|publisher=Gigaom|first=Derrick|last=Harris|date=February 5, 2014|access-date=July 29, 2016|archive-date=August 17, 2016|archive-url=https://web.archive.org/web/20160817072640/https://gigaom.com/2014/02/05/nutanix-co-founder-launches-thoughtspot-an-appliance-for-analytics/|url-status=live}} In 2014, the company raised $30 million in Series B funding led by Khosla Ventures.{{cite web|url=https://techcrunch.com/2014/06/18/thoughtspot-grabs-30m-in-series-b-funding-to-modernize-business-intelligence/|title=ThoughtSpot Grabs $30M In Series B Funding To Modernize Business Intelligence|publisher=TechCrunch|first=Ron|last=Miller|date=June 18, 2014|access-date=July 29, 2016|archive-date=August 21, 2016|archive-url=https://web.archive.org/web/20160821151438/https://techcrunch.com/2014/06/18/thoughtspot-grabs-30m-in-series-b-funding-to-modernize-business-intelligence/|url-status=live}}

In January 2016, the company opened an office in London. In February 2016, ThoughtSpot announced that it had increased its revenue by 810 percent over the previous year.{{cite web|url=https://www.equities.com/news/thoughtspot-brings-total-capital-investment-to-over-90-million-with-series-c-funding|title=ThoughtSpot Brings Total Capital Investment to Over $90 Million With Series C Funding|publisher=Equities|first=Destiny|last=Lopez|date=May 23, 2016|access-date=July 29, 2016|archive-date=September 14, 2016|archive-url=https://web.archive.org/web/20160914045538/https://www.equities.com/news/thoughtspot-brings-total-capital-investment-to-over-90-million-with-series-c-funding|url-status=live}} In May 2016, ThoughtSpot raised $50 million in Series C funding led by General Catalyst Partners.{{cite web|url=https://techcrunch.com/2016/05/19/investors-serve-up-50-million-for-thoughtspots-search-engine-for-enterprise-data/|title=Investors Serve Up $50 Million for ThoughtSpot's Search Engine for Enterprise Data|publisher=TechCrunch|first=Jonatha|last=Shieber|date=May 19, 2016|access-date=July 29, 2016|archive-date=August 21, 2016|archive-url=https://web.archive.org/web/20160821161253/https://techcrunch.com/2016/05/19/investors-serve-up-50-million-for-thoughtspots-search-engine-for-enterprise-data/|url-status=live}}{{cite web|url=http://fortune.com/2016/05/19/thoughtspot-series-c/|title=Can This Startup Become the Corporate Version of Google?|publisher=Fortune|first=Heather|last=Clancy|date=May 19, 2016|access-date=July 29, 2016|archive-date=July 27, 2016|archive-url=https://web.archive.org/web/20160727154041/http://fortune.com/2016/05/19/thoughtspot-series-c/|url-status=live}} In October 2016, the company expanded its series C funding with an investment from Hewlett Packard Pathfinder. As part of the investment, ThoughtSpot entered the Pathfinder program and begin selling its software on Hewlett Packard Enterprise infrastructure.{{cite web|url=http://www.finsmes.com/2016/10/thoughtspot-expands-series-c-funding-with-hewlett-packard-pathfinder.html|title=ThoughtSpot Expands Series C Funding With Hewlett Packard Pathfinder|publisher=Finsmes|date=October 17, 2016|access-date=November 22, 2016|archive-date=November 23, 2016|archive-url=https://web.archive.org/web/20161123140858/http://www.finsmes.com/2016/10/thoughtspot-expands-series-c-funding-with-hewlett-packard-pathfinder.html|url-status=live}}{{cite web|url=http://www.xconomy.com/san-francisco/2016/10/18/thoughtspot-receives-series-c-financing-round/|title=ThoughtSpot Receives Series C Financing Round|publisher=Xconomy|date=October 18, 2016|access-date=November 22, 2016|archive-date=November 23, 2016|archive-url=https://web.archive.org/web/20161123201748/http://www.xconomy.com/san-francisco/2016/10/18/thoughtspot-receives-series-c-financing-round/|url-status=live}}

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 AI based analytics platform.{{Cite news|url=https://www.barrons.com/articles/thoughtspot-a-unicorn-with-145-million-in-funding-1525798124|title=ThoughtSpot: A Unicorn With $145 Million in Funding|last=Swartz|first=Jon|access-date=May 9, 2018|language=en-US|archive-date=May 8, 2018|archive-url=https://web.archive.org/web/20180508210854/https://www.barrons.com/articles/thoughtspot-a-unicorn-with-145-million-in-funding-1525798124|url-status=live}} At the time, the company was valued at over $1 billion.{{Cite web|title=Exclusive: ThoughtSpot Gets Big Funding to Expand its Google-Like Search For Corporate Data|url=https://fortune.com/2018/05/08/thoughtspot-enterprise-google-search-unicorn/|access-date=March 9, 2021|website=Fortune|language=en|archive-date=April 19, 2021|archive-url=https://web.archive.org/web/20210419221618/https://fortune.com/2018/05/08/thoughtspot-enterprise-google-search-unicorn/|url-status=live}} In August, ThoughtSpot appointed former Nutanix President Sudheesh Nair as its new CEO.{{cite web | title=ThoughtSpot Names Sudheesh Nair as CEO | website=WSJ | date=August 1, 2018 | url=https://www.wsj.com/articles/thoughtspot-names-sudheesh-nair-as-ceo-1533161601 | access-date=March 31, 2022 | archive-date=March 31, 2022 | archive-url=https://web.archive.org/web/20220331201256/https://www.wsj.com/articles/thoughtspot-names-sudheesh-nair-as-ceo-1533161601 | url-status=live }}

In March 2019, ThoughtSpot relocated their headquarters from Palo Alto to Sunnyvale.{{cite web |url=https://www.bizjournals.com/sanjose/news/2019/03/13/thoughtspot-hq-sunnyvale-growth-hiring.html |title=Fast-growing Palo Alto unicorn moves HQ to Sunnyvale |last=Schubarth |first=Cromwell |date=March 13, 2019 |website=Biz Journals |publisher=Biz Journals |access-date=November 14, 2019 |archive-date=October 29, 2020 |archive-url=https://web.archive.org/web/20201029032947/https://www.bizjournals.com/sanjose/news/2019/03/13/thoughtspot-hq-sunnyvale-growth-hiring.html |url-status=live }} In August 2019, the company raised $248 million in Series E funding from Silver Lake, Sapphire Ventures, and Geodesic Capital.{{Cite web|title=ThoughtSpot hauls in $248M Series E on $1.95B valuation|url=https://techcrunch.com/2019/08/28/thoughtspot-hauls-in-248m-series-d-on-1-95b-valuation/|access-date=March 9, 2021|website=TechCrunch|language=en-US}}

By 2020, the company had $100 million in annual recurring revenue.{{Cite web |url=https://techcrunch.com/2020/02/13/as-5-more-startups-join-the-100m-club-are-we-just-making-a-pre-ipo-list/ |title=As 5 more startups join the $100M club, are we just making a pre-IPO list? |access-date=2023-07-13 |archive-date=2023-04-02 |archive-url=https://web.archive.org/web/20230402070027/https://techcrunch.com/2020/02/13/as-5-more-startups-join-the-100m-club-are-we-just-making-a-pre-ipo-list/ |url-status=live }} In January 2020, the company hired several new executives for a potential initial public offering later that year.{{Cite web|last=Schubarth|first=Cromwell|date=January 21, 2021|title=Sunnyvale analytics unicorn checks another pre-IPO box by hiring Square, PayPal vet as CFO|url=https://www.bizjournals.com/sanjose/news/2020/01/21/thoughspot-cfo-mohit-daswani-square-paypal-ipo.html|url-status=live|access-date=March 9, 2021|website=www.bizjournals.com|archive-date=March 21, 2023|archive-url=https://web.archive.org/web/20230321011216/https://www.bizjournals.com/sanjose/news/2020/01/21/thoughspot-cfo-mohit-daswani-square-paypal-ipo.html}} In November, the company announced a $100 million series F funding round that valued it at $4.2 billion.{{cite web | last=Cai | first=Kenrick | title=ThoughtSpot Raises At $4.2 Billion Valuation As It Wraps Up Transition To The Cloud | website=Forbes | date=November 15, 2021 | url=https://www.forbes.com/sites/kenrickcai/2021/11/15/thoughtspot-raises-series-f-at-4-billion-valuation-after-cloud-migration/ | access-date=April 11, 2022 | archive-date=April 11, 2022 | archive-url=https://web.archive.org/web/20220411161446/https://www.forbes.com/sites/kenrickcai/2021/11/15/thoughtspot-raises-series-f-at-4-billion-valuation-after-cloud-migration/ | url-status=live }}

On March 5, 2021, ThoughtSpot partnered with Indian information technology company Tech Mahindra.{{Cite news|title=Tech Mahindra partners with ThoughtSpot for AI driven analytics|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/information-tech/tech-mahindra-partners-with-thoughtspot-for-ai-driven-analytics/articleshow/81344995.cms|access-date=March 9, 2021|archive-date=March 10, 2021|archive-url=https://web.archive.org/web/20210310010712/https://economictimes.indiatimes.com/tech/information-tech/tech-mahindra-partners-with-thoughtspot-for-ai-driven-analytics/articleshow/81344995.cms|url-status=live}} Also in March, the company announced it had raised another $20 million in venture capital investments from partner Snowflake Inc.'s venture capital arm Snowflake Ventures.{{cite web | last=Whiting | first=Rick | title=Data Cloud Giant Snowflake Tightens Alliance With Analytics Developer ThoughtSpot With $20M Investment | website=CRN | date=March 9, 2021 | url=https://www.crn.com/news/applications-os/data-cloud-giant-snowflake-tightens-alliance-with-analytics-developer-thoughtspot-with-20m-investment | access-date=April 11, 2022 | archive-date=April 11, 2022 | archive-url=https://web.archive.org/web/20220411161827/https://www.crn.com/news/applications-os/data-cloud-giant-snowflake-tightens-alliance-with-analytics-developer-thoughtspot-with-20m-investment | url-status=live }} Also in March, ThoughtSpot made its first acquisition by acquiring SQL-based analytics software startup SeekWell for $20 million.{{cite web | title=ThoughtSpot makes first acquisition, buys SeekWell | website=SearchBusinessAnalytics | date=March 31, 2021 | url=https://www.techtarget.com/searchbusinessanalytics/news/252498688/ThoughtSpot-makes-first-acquisition-buys-SeekWell | access-date=March 17, 2022 | archive-date=April 11, 2022 | archive-url=https://web.archive.org/web/20220411161827/https://www.techtarget.com/searchbusinessanalytics/news/252498688/ThoughtSpot-makes-first-acquisition-buys-SeekWell | url-status=live }} In May, ThoughtSpot acquired data integration company Diyotta.{{cite web | title=Acquisition by ThoughtSpot adds data integration capabilities | website=SearchBusinessAnalytics | date=May 5, 2021 | url=https://www.techtarget.com/searchbusinessanalytics/news/252500294/Acquisition-by-ThoughtSpot-adds-data-integration-capabilities | access-date=April 11, 2022 | archive-date=April 11, 2022 | archive-url=https://web.archive.org/web/20220411161836/https://www.techtarget.com/searchbusinessanalytics/news/252500294/Acquisition-by-ThoughtSpot-adds-data-integration-capabilities | url-status=live }}

On June 26, 2023, ThoughtSpot acquired business intelligence startup Mode Analytics for $200 million in cash and stock.{{Cite web |last=Wiggers |first=Kyle |date=2023-06-26 |title=ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock |url=https://techcrunch.com/2023/06/26/thoughtspot-acquires-mode-analytics-a-bi-platform-for-200m-in-cash-and-stock/ |access-date=2023-07-24 |website=TechCrunch |language=en-US}}

On September 27, 2024, ThoughtSpot appointed Ketan Karkhanis, former Executive Vice President and General Manager of Sales Cloud at Salesforce, as its new CEO.

ThoughtSpot allows for non-technical individuals to conduct a self-service data analysis search.{{cite web | url=https://venturebeat.com/2014/06/18/thoughtspot-funding/ | accessdate=August 15, 2016 | title=ThoughtSpot's Google-Style Search For Business Intelligence Finds $30M | publisher=VentureBeat | first=Jordan | last=Novet | date=June 18, 2014 | archive-date=October 19, 2016 | archive-url=https://web.archive.org/web/20161019014432/http://venturebeat.com/2014/06/18/thoughtspot-funding/ | url-status=live }} The company introduced ThoughtSpot Monitor, a tool that monitors information for changing patterns or trends, in 2019 as part of its ThoughtSpot 6 software.{{Cite web |url=https://searchbusinessanalytics.techtarget.com/news/252472221/ThoughtSpot-6-advances-AI-power-of-BI-platform |title=ThoughtSpot 6 advances AI power of BI platform |access-date=2023-07-13 |archive-date=2021-10-22 |archive-url=https://web.archive.org/web/20211022152403/https://searchbusinessanalytics.techtarget.com/news/252472221/ThoughtSpot-6-advances-AI-power-of-BI-platform |url-status=live }} ThoughtSpot's software comes with connectors called SpotApps that are each designed to integrate with different cloud services.{{cite web | title=Latest ThoughtSpot BI capabilities target new personas | website=SearchBusinessAnalytics | date=November 16, 2021 | url=https://www.techtarget.com/searchbusinessanalytics/news/252509606/Latest-ThoughtSpot-BI-capabilities-target-new-personas | access-date=March 18, 2022 | archive-date=March 31, 2022 | archive-url=https://web.archive.org/web/20220331040716/https://www.techtarget.com/searchbusinessanalytics/news/252509606/Latest-ThoughtSpot-BI-capabilities-target-new-personas | url-status=live }}

ThoughtSpot's software can analyze data from sources like Snowflake and Databricks, and integrates with the Google Cloud Platform and Amazon Web Services.{{cite web | title=ThoughtSpot aims to enhance cloud-based analytics searches | website=SearchBusinessAnalytics | date=June 22, 2020 | url=https://www.techtarget.com/searchbusinessanalytics/news/252485011/ThoughtSpot-aims-to-enhance-cloud-based-analytics-searches | access-date=March 18, 2022 | archive-date=May 17, 2022 | archive-url=https://web.archive.org/web/20220517181735/https://www.techtarget.com/searchbusinessanalytics/news/252485011/ThoughtSpot-aims-to-enhance-cloud-based-analytics-searches | url-status=live }} It also offers an analytics software product designed for Google's data warehouse service, BigQuery.{{cite web | last=Chan | first=Rosalie | title=Buzzy $1.95 billion startup ThoughtSpot was seeing so many customers move to Google Cloud that it's launching one of its key analytics products on it | website=Business Insider | date=March 24, 2020 | url=https://www.businessinsider.com/thoughtspot-embrace-google-cloud-bigquery-2020-3 | access-date=March 18, 2022 | archive-date=April 14, 2022 | archive-url=https://web.archive.org/web/20220414215726/https://www.businessinsider.com/thoughtspot-embrace-google-cloud-bigquery-2020-3 | url-status=live }}

As of February 2021, ThoughtSpot was working on integrations with Microsoft Azure in a joint development agreement with Microsoft.{{cite web | title=ThoughtSpot, Azure alliance boosts BI capabilities of both | website=SearchBusinessAnalytics | date=February 11, 2021 | url=https://www.techtarget.com/searchbusinessanalytics/news/252496242/ThoughtSpot-Azure-alliance-boosts-BI-capabilities-of-both | access-date=March 18, 2022 | archive-date=May 17, 2022 | archive-url=https://web.archive.org/web/20220517181734/https://www.techtarget.com/searchbusinessanalytics/news/252496242/ThoughtSpot-Azure-alliance-boosts-BI-capabilities-of-both | url-status=live }}

ThoughtSpot also has a product for developing interactive self-service analytics tools.{{cite web | last=Fregoni | first=Silvia | last2=Gillin | first2=Paul | last3=Wheatley | first3=Mike | title=Building interactive data apps: Inside ThoughtSpot Everywhere's open developer-centric platform | website=SiliconANGLE | date=September 23, 2021 | url=https://siliconangle.com/2021/09/23/building-interactive-data-apps-inside-thoughtspot-everywheres-open-developer-centric-platform/ | access-date=March 18, 2022 | archive-date=March 4, 2022 | archive-url=https://web.archive.org/web/20220304232348/https://siliconangle.com/2021/09/23/building-interactive-data-apps-inside-thoughtspot-everywheres-open-developer-centric-platform/ | url-status=live }}

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Category:American companies established in 2012

Category:Software companies based in California

Category:Software companies established in 2012

Category:Business intelligence companies