ThoughtSpot, a Sunnyvale, Calif. -based Modern Analytics Cloud company, raised $100M in Series F funding round.
The round, which brought total funding to $674M and valuation to $4.2 billion, was led by new investor March Capital and joined by existing investors Lightspeed Ventures, Snowflake Ventures, Khosla Ventures, Fidelity, Capital One Ventures, General Catalyst, Sapphire Ventures, and GIC.
The company intends to use the funds to accelerate innovation, open opportunities for M&A, and bring its Modern Analytics Cloud to companies around the globe.
Led by Sudheesh Nair, CEO, ThoughtSpot provides an analytics cloud platform that allows anyone to leverage natural language search and AI to find data insights and tap into innovations the cloud data ecosystem has to offer. With its developer-friendly platform, customers can also embed consumer-grade analytics into their SaaS offerings or build new interactive data apps that engage users and keep them coming back for more. Organizations like Walmart, BT, Daimler, Medtronic, Hulu, Royal Bank of Canada, Nasdaq, OpenTable, Workato, and Nationwide Building Society use ThoughtSpot to transform how their employees and customers take advantage of data.
The company has announced integrations and partnerships with leading players like Snowflake, Databricks, Amazon Web Services, Microsoft Azure, GoogleBigQuery, DataRobot, dbt Labs, Dremio, Starburst, and more.
With the launch of ThoughtSpot Everywhere, the company’s developer platform, in May of last year, companies have been able to embed analytics into their own apps that take advantage of various ThoughtSpot cloud services through APIs.