ThoughtSpot, a Redwood City, California-based provider of a plug-and-play solution that provides a search-based user experience for business data access and analysis, raised $10.7m in Series A funding.
The round was led by Lightspeed Venture Partners, with participation from:
– Frank Slootman (President & CEO, ServiceNow; ex-CEO, Data Domain),
– Lane Bess (COO, ZScaler; ex-CEO, Palo Alto Networks),
– Steve Sommer (CMO, Splunk), and
– Sudheesh Nair (VP WW sales, Nutanix).
Co-founded by CEO Ajeet Singh and CTO Amit Prakash, ThoughtSpot combines a relational search engine and an enterprise-class in-memory database to provide a data search appliance that provides a search-based user experience for business data access and analysis.
Designed for mid-to-large enterprises, the solution also enables IT to manage data and infrastructure in a centralized way, eliminating proliferation of data copies on users’ desktops.
It is now available under early access program.
The company’s board is comprised of Ajeet Singh, Amit Prakash, Ravi Mhatre, Arif Janmohamed (partner, Lightspeed Venture Partners), and Frank Slootman (board observer).