ThoughtSpot

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]