ThoughtSpot, a Sunnyvale, CA-based search & AI-driven analytics platform, raised $248M in funding.
The round valued the company at $1.95B and brought total funding to $554M. Backers included new investor Silver Lake Waterman, Silver Lake’s late-stage growth capital fund, and existing backers Lightspeed Venture Partners, Sapphire Ventures, and Geodesic Capital.
The company intends to use the funds to continue to invest in its go-to-market teams in North America, EMEA, and APAC, expand R&D efforts, including hiring for its engineering and product teams, and invest in customer and thought leadership events, like the company’s annual customer conference Beyond 2019.
Led by Sudheesh Nair, CEO, ThoughtSpot provides enterprises with a platform that allows to every person in their organization, from C-suite executive to front-line employee, to surface data-driven insights. With the solution, business people can type a search to instantly analyze billions of rows of data, and leverage artificial intelligence to get relevant insights as answers to thousands of questions they might not have thought to ask.
Customers include Walmart, 7-Eleven, BT, Celebrity Cruises, Daimler, De Beers, Hulu, Miami Children’s Health System, Nationwide Building Society, and Scotiabank, among others.
The company has offices in Singapore, Tokyo, Dusseldorf, and Bangalore, India and an employee count of nearly 500 employees.