ThoughtSpot, a Palo Alto, CA-based provider of an enterprise search-driven analytics platform, raised $50m in Series C venture capital funding.
The round was led by General Catalyst Partners, and Geodesic Capital with participation from existing investors Lightspeed Ventures and Khosla Ventures.
The company, which has raised over $90m to date, intends to use the funds for global expansion, hiring, and technology advancement.
Led by Ajeet Singh, co-founder and CEO, ThoughtSpot provides a “Relational Search” technology platform designed for enterprise-scale, security, and governance. The solution, which connects with data from on-premise and cloud data sources, allows business people to analyze company data quickly and BI & Analytics teams to cut their reporting backlogs.
Customers include Bed Bath & Beyond, Primary Capital Mortgage, RichRelevance, Automated Financial Systems, Collegis Education, SterlingBackcheck, Batteries Plus Bulbs, Nutanix, and Hightail among other.