 | |
| Formerly | Scaligent Inc. [1] |
|---|---|
| Type | Private |
| Industry | Analytics, Business intelligence |
| Founded | 2012 in Palo Alto, California, United States |
| Founders | Ajeet Singh Amit Prakash [2] |
| Headquarters | Sunnyvale |
Key people | |
| Revenue |  $100.2 Million(2019) [3] |
Number of employees | 580 [4] |
| Website | thoughtspot |
ThoughtSpot, Inc. is a technology company that produces business intelligence analytics search software. The company is based in Sunnyvale, California,and was founded in 2012. [5] [6]
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. [7] In late 2012, ThoughtSpot raised $10.7 million in Series A funding led by Lightspeed Venture Partners. [8] 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. [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. [9] [10] 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. [11] [12]
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. [13] At the time, the company was valued at over $1 billion. [14]
In March 2019, ThoughtSpot relocated their headquarters from Palo Alto to Sunnyvale. [15] In August 2019, the company $28 million is Series E funding from Silver Lake, Sapphire Ventures, and Geodesic Capital. [16] By 2020, the company had $100 million in annual recurring revenue. [17]
In January 2021, the company hired several new executives for a potential initial public offering later that year. [18] On March 5, 2021 ThoughtSpot partnered with Indian information technology company Tech Mahindra. [19] ThoughtSpot's clients include the companies Walmart, Apple, BT, Bed Bath & Beyond, Hightail and Fannie Mae. [20] [21]
ThoughtSpot allows for non-technical individuals to conduct a self-service data analysis search. [22] The company introduced ThoughtSpot Monitor, a tool that monitors information for changing patterns or trends, in 2019 as part of its ThoughtSpot 6 software. [23]
In 2016, ThoughtSpot was named a "Cool Vendor in Analytics" by Gartner. [24] In 2017, the company announced that it was included on Gartner Magic Quadrant for Business Intelligence and Analytics Platforms report. [25] 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. [26] The company was recognized on Glassdoor's "Best Places to Work" list for 2020. [27]
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