ThoughtSpot, a Palo Alto, CA-based provider of a search and AI-driven analytics platform for the enterprise, closed a $145m Series D funding round.
Backers included existing investors Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst and new participants Sapphire Ventures, and others.
The company, which has raised $306m in total funding, will use the funds to continue to innovate its analytics platform, accelerate global business growth, including expansion in EMEA and APAC, and grow its R&D centers in Palo Alto, Seattle, Dallas, and Bangalore.
Founded in 2012, ThoughtSpot and led by Ajeet Singh, CEO, ThoughtSpot provides search & AI-driven analytics for enterprises to use Google-like search to analyze complex, large-scale enterprise data and get insights to questions they didn’t know to ask, automatically. ThoughtSpot connects with any on-premise, cloud, big data, or desktop data source.
Customers include Amway, Bed Bath and Beyond, BT, Capital One, Celebrity Cruises, Chevron Federal Credit Union, De Beers, Insurethebox and Scotiabank.
During time, the company opened an office in Bangalore, India, to innovate business intelligence in the cloud; in Seattle to build artificial intelligence solutions, including the company’s recently released AI-driven analytics engine, SpotIQ. and in Dallas, to support enterprise expansion.