ThoughtSpot Raises $60M in Funding

ThoughtSpot, a Palo Alto, CA-based enterprise class search-driven analytics platform provider, raised $60m in funding.

The round was led by LightSpeed Ventures, with participation from Capital One Growth Ventures.

The company, which has raised more than $160m in total capital, is using the new funds to accelerate research and development for its AI-driven analytics platform, expand globally into Asia Pacific, and hire industry-focused customer success experts to nurture and grow key accounts.

Co-founded in 2012 by its CEO Ajeet Singh and six other technical co-founders from Google, Microsoft, Amazon, and Oracle, ThoughtSpot provides an AI-Driven analytics platform that allows users at BI & Analytics teams to search to analyze data or automatically get insights.
The platform connects with any on-premise, cloud, big data, or desktop data source
Customers include Amway, Bed Bath and Beyond, Capital One, Celebrity Cruises, Chevron Federal Credit Union, DeBeers, Insurethebox, Scotiabank, and numerous other Fortune 500 customers.

The company is currently expanding operations in North America, Europe and Asia-Pacific.



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