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You have read and agreed to our Privacy Policy. The real heroes of this round: our team and our customers. Im excited to see how their Search & AI capabilities will accelerate with the new funding to bring even more value to enterprises like ours., The funding comes on the heels of a year of record growth for ThoughtSpot across all facets of the company, which includes. Companies can now put the power of their modern data stack in the hands of every employee, extend the value of their data to partners and customers, and automate entire business processes. See for yourself and. The business analytics startup, which competes with companies like Looker, Domo, and InsightSquared, now has $543.7 million in total funding, according to its Crunchbase profile.. Copyright 2022 Cloud Computing News. ThoughtSpot raises new Funding at $4.2B valuation to fuel the modern analytics cloud Analytics Cloud company, today announced that it raised a $100M Series F funding round at a new $4.2B valuation, more than doubling the company's previous valuation and bringing the company's total funding to $674M. Todays data professionals require tools to better model data, rapidly launch new projects, and ultimately enable self-service for frontline business users. ThoughtSpots web and mobile applications improve decision-making for every employee. Following the companys significant cloud growth, $100M in new funding will accelerate innovation, open opportunities for M&A, and help bring the Modern Analytics Cloud to companies around the globe, ThoughtSpot announces $100M Series F funding round at a new $4.2B valuation (Graphic: Business Wire). The one thing that's abundantly clear as we raise $100M in new funding at a $4.2B valuation? Looking to learn how to establish a strategic hybrid cloud? ThoughtSpots live analytics offerings give customers an intuitive, interactive means to empower their entire organization to capitalize on innovations happening across the cloud ecosystem. Such scale represented significant demand - the company could have well gone public in 2020 . Register Follow this author to stay notified about their latest stories. Since its launch, ThoughtSpot Everywhere has consistently seen more than 100% quarter-over-quarter growth as organizations look to bring analytics to all business applications. ThoughtSpot has acquired 2 organizations. Streaming service Hulu uses ThoughtSpots app to measure how successful a specific show is in driving subscriptions, enabling its employees to make adjustments on how to present shows and movies to users. About 100 enterprise companies are using ThoughtSpots cloud software, including T-Mobile and energy conglomerate Schneider Electric, the company says. With the new funding, ThoughtSpot will continue to invest in its go-to-market teams in North America, EMEA, and APAC to meet growing demand, expand R&D efforts, including hiring for its engineering and product teams, and invest in customer and thought leadership events, like the companys annual customer conference Beyond 2019. I am so glad to have been recognized as Microsoft MVP for the second time. ThoughtSpot will leverage the additional capital to drive two new growth vectors. Stop waiting for custom reports from data experts and instantly answer ad-hoc data questions on the fly. Despite this investment, many enterprises have failed to digitally transform, shackled by tools predicated on data visualization. ThoughtSpot has a post-money valuation in the range of $1B to $10B as of Nov 17, 2021, according to PrivCo. Thats exactly what ThoughtSpot has done over the last year as we accelerated our growth as a cloud company, said Sudheesh Nair, CEO, ThoughtSpot. This recognition includes the following accolades: The new funding will be used to accelerate two new growth vectors for ThoughtSpot with analysts, data engineers, and developers, the roles upon which the entire modern data stack rests. Overview. This recognition includes the following accolades: The new funding will be used to accelerate two new growth vectors for ThoughtSpot with analysts, data engineers, and developers, the roles upon which the entire modern data stack rests. The company is now valued at an estimated $1.9 billion in valuation. ThoughtSpot, a global analytics cloud firm, has secured a $100 million Series F fundraising round at a new $4.2 billion value, more than doubling its prior valuation and bringing total funding to $674 million. ThoughtSpots software allows employees at a company to ask questions into a search box, whether they are experts with data or not. The pandemic had forced companies in less stable financial positions to cut staff, but ThoughtSpot was not one of those companiesit was still flush with hundreds of millions in untapped capital. Live Analytics for your modern data stack, Search to find and create insights in seconds, Build personalized and engaging data apps, Get one-click AI-driven analysis to get to the why faster, Keep a finger on the pulse ofyour business with Liveboards, Balance self-service with enterprise-scale control, Live-query your cloud data in just a few clicks, Accelerate use case deployment with pre-built apps, Make your data intuitive for Live Analytics, Stay up to date with the latest product news and releases, Push cloud data insights to business apps. ThoughtSpot was started by a bunch of ex-Googlers looking to bring the power of search to data. ThoughtSpot, a cloud data analytics start-up, has raised $100 million (74m) in Series F funding to reach a new valuation of $4.2 billion (3.1bn). SUNNYVALE, Calif. August 28, 2019 The analytics industry is in the midst of a massive generational shift. For more about ThoughtSpot, join us at Beyond 2021, or try ThoughtSpot for yourself. ThoughtSpot first raised $10 million back in 2012 as a startup. #DcodeAlumni. As of August 2020, ThoughtSpot raised $248 million in a Series E round with a $1.95 billion valuation. Learn more FOR DATA LEADERS Unleash the value of your cloud data. The noise will go down a little, says Nair, whose ambitions are turning to an IPO now that the cloud transition is near completion. Montgomery says his firm began paying attention to ThoughtSpot toward the start of its transition, and arranged for one of his funds limited partners to acquire secondary shares of the company earlier this year. We are pleased to see both cloud-native companies such as Cloud Academy and Frontify and large enterprises like T-Mobile make their data teams more productive and their businesses more data-driven with the Modern Analytics Cloud., We are thrilled to be backing the world-class ThoughtSpot team as they continue to dominate the rapidly growing cloud analytics market, said James Montgomery, Co-Founder and Managing Partner of March Capital. Now our finance team can quickly get actionable insights with the scale and speed we need.. Enterprise data analytics provider ThoughtSpot has raised $248 million at a $1.95 billion valuation. Before ThoughtSpot, we didnt have a simple way to leverage our cloud data, said Vivek Malhotra, Sr. Palo Alto - November 22, 2021 - Cooley advised ThoughtSpot, a modern analytics cloud company, on its $100 million Series F financing round, which brings its valuation to $4.2 billion. Company summary. The AI-powered technology then analyzes the massive amounts of data stored in sources such as Snowflake and Databricks, and provides insights such as reports and summaries about the data in real time to help the employees to make business decisions. Covering SaaS news, cloud computing jobs, virtualization strategy, cloud apps and enterprise IT, private and public cloud, system security, cloud apps, CRM and cloud communications, Cloud Tech provides the latest insight that enables CIOs to make informed decisions about IT strategy. So far, the company has raised $554 million in all, bringing the latest valuation to $1.95 billion. At [+] his previous company, Nutanix, he says he saw firsthand the growing pains of implementing the same pivot on the public market. Companies can now put the power of their modern data stack in the hands of every employee, extend the value of their data to partners and customers, and automate entire business processes. The growth of our cloud offerings has surpassed our own expectations, accelerating our progress toward that mission. With the launch of ThoughtSpot Everywhere, ThoughtSpots 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 simple and flexible APIs. With ThoughtSpot, anyone can leverage natural language search and AI to find data insights and tap into the most cutting-edge innovations the cloud data ecosystem has to offer. The system takes this further by using AI and machine learning to automatically find and deliver insights to users they didnt even know to look for. ThoughtSpots live analytics offerings give customers an intuitive, interactive means to empower their entire organization to capitalize on innovations happening across the cloud ecosystem. Market Valuation. All Rights ThoughtSpots web and mobile applications improve decision-making for every employee. $743.7 M. ThoughtSpot Summary. The vendor completed its Series F round, and has more than doubled its valuation from $1.95 billion in August 2019 when it last raised venture capital funds. Our Live Analytics services deliver personalized, actionable insights at the point of impact for every user, at every level. In 2019 ThoughtSpot grew its top line at 108% to a $100 million run rate, according to my February 2020 interview with Ajeet Singh, ThoughtSpot's cofounder and executive chairman. Total Funding. Know more. The Modern Milkmans Chief Strategy Officer, John Hughes on Using Data to Save Our Oceans from Plastic. Our mission is to create a more fact-driven world with the easiest to use analytics platform. In the fall of last year, ThoughtSpot launched its first SaaS offering with the introduction of the Modern Analytics Cloud, the most simple, open, and programmable consumption layer for the modern data stack. Both announcements precede ThoughtSpots annual customer conference, Beyond, on November 16th. After the latest round of funding, ThoughtSpot's valuation has increased to US$ 4.2 billion and that is more than double the previous valuation. They have the judgement to make good decisions, even when working with . As a result, ThoughtSpot has seen massive adoption from organizations around the globe, driving substantial new growth for the company. Accessing our website tells us you are happy to receive all our cookies. ThoughtSpot on Nov. 15 revealed that it raised $100 million in venture capital funding, bringing its total valuation to $4.2 billion. In the ensuing months, the pandemic accelerated digital transformation across enterprises, resulting in rapid adoption of cloud software. The new funding will be used to drive go-to-market like sales and marketing and partnerships with SaaS providers and cloud platform companies. Incredibly excited to announce we've raised $100M in new funding at a $4.2B valuation. For the last year, Spotters around the world have been hard at work turning the vision for the Modern Analytics Cloud into reality. Companies can now put the power of their modern data stack in the hands of every employee, extend the value of their data to partners and customers, and automate entire business processes. SUNNYVALE, Calif. November 15, 2021 ThoughtSpot, the Modern Analytics Cloud company, today announced that it raised a $100M Series F funding round at a new $4.2B valuation, more than doubling the company's previous valuation and bringing the company's total funding to $674M. 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