ThoughtSpot, a Sunnyvale, Calif.-based leader in search & AI-driven analytics, received an investment from Snowflake Ventures, the ventures arm of Snowflake.
The amount of the deal was not disclosed.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Ajeet Singh, Co-founder & Executive Chairman, and Sudheesh Nair, CEO, ThoughtSpot provides an AI-driven analytics platform powered by Snowflake’s Data Cloud. With the solution, anyone can use simple natural language to create new data-driven insights or surface those generated by others from across their entire enterprise. By leveraging AI, it uncovers trends, anomalies, and patterns to answer questions users care about, but wouldn’t have thought to ask themselves. Customers can use the SaaS offering through ThoughtSpot Cloud, connect and query cloud data warehouses directly with Embrace, and stay up to date on their business with the mobile app. Organizations like Walmart, BT, Daimler, Medtronic, Hulu, Royal Bank of Canada, Bank of the West, Siemens, and Nationwide Building Society use ThoughtSpot to allow their employees at every level and transform their organizations.