Last updated
ThoughtSpot, Inc.
Scaligent Inc. [1]
Industry Analytics, Business intelligence
Founded2012;8 years ago (2012) in Palo Alto, California, United States
FoundersAjeet Singh
Amit Prakash [2]
Key people
  • Sudheesh Nair CEO
  • Amit Prakash CTO
  • Ajeet Singh co-founder and chairman
RevenueIncrease2.svg $100.2 Million(2019) [3]
Number of employees
580 [4]

ThoughtSpot, Inc. is a technology company that produces business-intelligence analytics search software. The company is based in Sunnyvale, California with additional offices in London, [5] Bangalore, India, Seattle and Tokyo. [6]


ThoughtSpot was founded in 2012, and as of May 2019, had raised over $550 million in funding [7] and putting the company into unicorn territory with a valuation close to $2 billion. [8] ThoughtSpot's clients include the companies Walmart, Apple, BT, Bed Bath & Beyond, Hightail and Fannie Mae. [9] [10]


ThoughtSpot was founded in 2012 by a team of engineers who previously worked for Google, Oracle, Microsoft, Yahoo, and other Silicon Valley companies. The CEO and Co-founder, Ajeet Singh, previously co-founded the company Nutanix. [11] In late 2012, ThoughtSpot raised $10.7 million in Series A funding led by Lightspeed Venture Partners. [12] In 2014, the company raised $30 million in Series B funding led by Khosla Ventures. [2]

In January 2016, the company opened an office in London in an effort to expand to the European market. [5] In February 2016, ThoughtSpot announced that it had increased its revenue by 810 percent over the previous year. [1] In May 2016, ThoughtSpot raised $50 million in Series C funding led by General Catalyst Partners. [13] [14] In October 2016, the company expanded its series C funding with an investment from Hewlett Packard Pathfinder. As part of the investment, ThoughtSpot will enter the Pathfinder program and begin selling its software on Hewlett-Packard Enterprise infrastructure. [15] [16]

In May 2018, the company raised $145 million in Series D funding from Sapphire Ventures, Lightspeed Ventures, Khosla Ventures, General Catalyst and others to expand its AI based analytics platform. The company is now valued over $1 billion. [17]

In March 2019, ThoughtSpot relocated their headquarters from Palo Alto to Sunnyvale. [18] By 2020, the company had $100 million in annual recurring revenue. [19]


ThoughtSpot allows for non-technical individuals to conduct a self-service data analysis search. [20] The company introduced ThoughtSpot Monitor, a tool that monitors information for changing patterns or trends, in 2019 as part of its ThoughtSpot 6 software. [21]


In 2016, ThoughtSpot was named a "Cool Vendor in Analytics" by Gartner. [22] In 2017, the company announced that it was included on Gartner Magic Quadrant for Business Intelligence and Analytics Platforms report. [23] Later, Gartner included Thoughtspot in the leaders quadrant for Analytics and BI platforms for the years 2019 and 2020. ThoughtSpot was included in Red Herring's Top 100 North American Companies list. [24] The company was recognized on Glassdoor's "Best Places to Work" list for 2020. [25]

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  10. AI Tool From Fannie Mae Sheds Light on Housing Market
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  19. As 5 more startups join the $100M club, are we just making a pre-IPO list?
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  21. ThoughtSpot 6 advances AI power of BI platform
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  24. "2017 Red Herring North America: Top 100 Winners". Red Herring.
  25. These Are the Best Companies to Work for in 2020