thoughtspot valuation

ThoughtSpot raised $248 million in its Series E, the company announced Wednesday, bringing its valuation to nearly $2 billion.. Congrats to all friends at ThoughtSpot, proud to be part of the team making something special! Internet Explorer presents a security risk. Get the full list The retail landscape is evolving at a dizzying pace. Enterprise data analytics provider ThoughtSpot has raised $248 million at a $1.95 billion valuation. But another reason for the fundraise was simply to rewrite the narrative around the company. $2 B. ThoughtSpot, the Modern Analytics Cloud company, today announced that it raised a $100M Series F funding round at a new $4.2B valuation For more about ThoughtSpot, join us at Beyond 2021, or try ThoughtSpot for yourself. Their most recent acquisition was Diyotta on May 4, 2021. The company is now valued at an estimated $1.9 billion in valuation. 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. 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. 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. Redirecting to https://www.thoughtspot.com/thoughtspot-raises-248m-195b-valuation-transform-enterprises-search-ai-driven-analytics (308) 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. Theres no real future for companies on prem, says Nair, who joined ThoughtSpot as CEO in 2018 after seven years as president at Nutanix, a software company that underwent its own transition to the cloud while answering to shareholders on the public market. Definitions. The ThoughtSpot Architect has the technical skills to implement ThoughtSpot end-to-end & understands the best practices for deploying in a production environment. Learn more about ThoughtSpot stock Sector Enterprise Software Founded 2012 Total Funding to Date $678.25MM Register for Details For more details on financing and valuation for ThoughtSpot, register or login. For Q2 2022, the global IPO market saw 305 deals raising US$40.6b in proceeds, a decrease of 54% and 65%, respectively, year-over-year (YOY). The company has more than 550 employees and works with around 50 Fortune 500 companies to provide a cloud solution. Comment * document.getElementById("comment").setAttribute( "id", "a2051de9484c5076f28abe8c4b0fd47d" );document.getElementById("c2df808188").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. Its time analytics software evolved to meet the needs of modern businesses, who can no longer depend on weekly dashboards to compete in a digital world. A quarter of those purchases were six-figure investments. American Dreamers: Ancestry CEO Deb Liu Honors Family Ties And Redefines What Leadership Is Today, Collide Capital Raises Debut $66 Million Fund With Backing From Amazon, Alphabet And Twitter, 5 Reasons Why Now Is A Great Time To Invest In Startups, Using Artificial Intelligence To Hunt For New Drugs: Daphne Kollers Next Big Mission, The New Role Models Proving Entrepreneurship And Motherhood Arent Mutually Exclusive, With A $150 Million Debut Venture Fund, BlockTower Is Ready To Take Advantage Of The Crypto Winter, Ex-NFL Player Ryan Nece Raises $200 Million To Help Other Athletes Invest In The Best VC Firms, For Fear Of Being Labeled Loco, Hispanics Dodge Mental Health Resources And Suffer. Todays funding shows just how valuable the work we do with our customers truly has become., From the start, ThoughtSpot has been focused on a singular mission: to create a more fact-driven world. In 2020, the company made a strategic decision to transform into a cloud-first company. We will not rest on our laurels and will continue to bring fundamental innovation to the market, because that is who we are., Charting the Future with AI-Driven Analytics. The one thing that's abundantly clear as we raise $100M in new funding at a $4.2B valuation? 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, making ThoughtSpot ubiquitous across the modern data stack. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 350 companies globally, including Snap, The Honest Company, GrubHub, Nest, Nutanix, AppDynamics, and MuleSoft. ThoughtSpot has raised $100 million in a new funding round that more than doubles the data analytics software developer's pre-money valuation to $4.2 billion, the company said Monday. Register You can follow his Twitter @FinStrathern or connect with him at https://www.linkedin.com/in/finstrathern/. I am so glad to have been recognized as Microsoft MVP for the second time. ThoughtSpots web and mobile applications improve decision-making for every employee. One of the most challenging and most rewarding parts of being a CEO is helping a company stay focused ahead of the changing needs of its customers. 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. The cloud transition came just in time to avoid falling behind in the market. 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. 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. The round 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. It will also be used to drive marketing and form partnerships with SaaS providers and cloud platform operators. The new round comes two years after the company's Series E, where the company raised $248M at a $1.95B valuation. Thats exactly what ThoughtSpot has done over the last year as we accelerated our growth as a cloud company, said Sudheesh Nair, CEO, ThoughtSpot. The new round comes two years after the companys Series E, where the company raised $248M at a $1.95B valuation. $743.7 M. ThoughtSpot Summary. Growth Among Global Enterprises: More than half of the Fortune 10 and companies like Walmart, Hulu, Daimler, 7Eleven, PetCo, and Rolls Royce have become ThoughtSpot customers. The company made key hires, including a new CFO and Senior Vice President. Know more. When people think about us, they might still know us as an on-prem company, Nair says. In the last year, 85% of new customers purchased cloud products. That growth. Market Valuation. company, today announced that it raised a $100M Series F funding round at a new $4.2B valuation, more than doubling the companys previous valuation and bringing the companys total funding to $674M. This must be a combination of letters and numbers. ThoughtSpot is a business intelligence platform that helps anyone explore, analyze, and share real-time business analytics data easily. See for yourself and. For press inquiries, contact [emailprotected]. ThoughtSpot Signals Growth Rate 0.80% Weekly Growth Weekly Growth 0.80%, 93rd % -35.5%. Our customers rely on us to break free from the tyranny of averages as they build their businesses on data. If you look at the valuation now, it is still transitioning, he says. Organizations like Walmart, BT, Daimler, Medtronic, Hulu, Royal Bank of Canada, Nasdaq, OpenTable, Workato, and Nationwide Building Society rely on ThoughtSpot to transform how their employees and customers take advantage of data. When I left, Nutanix was a $10 billion business. A Forbes Cloud 100 honoree for the fourth consecutive year, One of the Best Workplaces for Innovators from Fast Company, Gartners Peer Insight Customers Choice for Analytics and Business Intelligence Platforms, 2021 Best Usability Award in Business Intelligence from TrustRadius, Best SaaS Product for Business Intelligence and Analytics by the 2021 SaaS Awards. In 2020, the company made a strategic decision to transform into a cloud-first company. ThoughtSpot announced it has closed US$248m in funding at a valuation of USD 1.95b in an oversubscribed round, bringing the company's total funding to USD 554m. Founded in 2012 and based in the Bay Area, the business develops artificial intelligence-powered . The new funding will go in part toward sales and marketing efforts for ThoughtSpots new features that are geared toward engineers and developers. While todays announcement is certainly a major milestone, we know were only 2% done in achieving our goals on behalf of our customers. As technology partners to our customers, we have only one job: provide the agility thats like oxygen to these organizations so they can compete and win., Seven years ago, we started ThoughtSpot to help create a more fact-driven world, whether in the boardroom or on the front lines of enterprises, by making data and insights available instantly to everyone, regardless of their technical skills, said Ajeet Singh, Executive Chairman & Cofounder, ThoughtSpot. So proud to be part of this rocketship Liked by Maulik Mistry. Secondly, companies continue to look for new use cases and new ways to accelerate time to value for analytics initiatives. In 2020, the company made a strategic decision to transform into a cloud-first company. As technology redefines every industry, enterprises know they need to arm decision makers throughout their organizations with smarter insights in order to compete and grow their businesses in the digital era. Growth-stage public investors have joined existing backers Lightspeed Ventures and Sapphire Ventures in this round of funding. This includes: The industry, too, has taken notice of the innovation and value ThoughtSpot provides to customers. I talked to [Splunk CEO] Doug Merritt the other day, and he said Id never do [a transition to cloud] again as a public company, says March Capital managing partner Jamie Montgomery, who led ThoughtSpots latest round. These tools have been too complex for anyone but the most sophisticated data professional to use. Looking to learn how to establish a strategic hybrid cloud? ThoughtSpot is the Modern Analytics Cloud company. Twenty one years later, in 2019, the productivity gains provided by data visualization has hit a plateau, while the technology itself has been commoditized by the likes of PowerBI. 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.. But the startup was executing a pivot to the cloud and had decided to let go of workers whose jobs were too deeply embedded in its old business model. These individuals are tasked with architecting systems that provide for analytics quickly, at scale, and to users of all backgrounds and technical proficiencies. 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.. They can apply knowledge of data modeling & worksheet design best practices when implementing a new use case. 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. This includes: The industry, too, has taken notice of the innovation and value ThoughtSpot provides to customers. But if we did not do it, we would not have been able to change the companys course to become a cloud company, and Covid could have wiped us out.. 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. As ThoughtSpot eyes new growth vectors and focuses on capabilities for developers and data professionals, the company also announced today the launch of the new ThoughtSpot Data Workspace, a set of tools that brings Live Analytics to customers around the globe. Required fields are marked *. Todays data professionals require tools to better model data, rapidly launch new projects, and ultimately enable self-service for frontline business users. When not tapping away behind a laptop, he can be found researching and exploring the cryptocurrency and NFT markets. Funding Rounds Number of Funding Rounds 12 Thats exactly what ThoughtSpot has done over the last year as we accelerated our growth as a cloud company, said Sudheesh Nair, CEO, ThoughtSpot. The company also has an average sale price of $250k, contributing to sales growing 195% in the first half of the fiscal year as the company approaches $100M run-rate. Oct 13, 2022,09:00am EDT For Fear Of Being Labeled 'Loco', Hispanics Dodge Mental Health Resources And Suffer Venture Capital ThoughtSpot Raises At $4.2 Billion Valuation As It Wraps Up. To try it out, navigate to the Data tab, and select Utilities. The funding will also be used to enhance go-to-market. The round 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. March Capital led the round, which . When I see the work our customers like Walmart, BT, and Daimler are doing with ThoughtSpot to transform their critical functions like supply chain or customer service, Im incredibly inspired, but I also realize how much unlocked potential remains when it comes to data-driven insights, said Sudheesh Nair, CEO, ThoughtSpot. The core function of the software hasnt changed with the shift to the cloud. To help enterprises compete in this new world, ThoughtSpot today announced it has closed $248M in funding at a valuation of $1.95B in an oversubscribed round, bringing the companys total funding to $554M. With todays launch of the ThoughtSpot Data Workspace and SpotApps, ThoughtSpot has already brought new capabilities to these professionals. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Annual recurring revenue (ARR) from cloud products grew by more than 250% for ThoughtSpot and now take up more than half of the companys revenue. New investor Silver Lake Waterman participated alongside existing backers Lightspeed, Sapphire Ventures and Geodesic Capital.The company serves household names like Walmart, Hulu and 7-Eleven. The growth of our cloud offerings has surpassed our own expectations, accelerating our progress toward that mission. Todays data professionals require tools to better model data, rapidly launch new projects, and ultimately enable self-service for frontline business users. These individuals are tasked with architecting systems that provide for analytics quickly, at scale, and to users of all backgrounds and technical proficiencies. Nutanix is trading at a $7.5 billion market cap today, and dipped as low as $3 billion last year. ThoughtSpot has a post-money valuation in the range of $1B to $10B as of Nov 17, 2021, according to PrivCo. Our incredible alumni company ThoughtSpot now has a valuation of nearly $2 billion and is looking ahead to a possible IPO. With todays launch of the ThoughtSpot Data Workspace and SpotApps, ThoughtSpot has already brought new capabilities to these professionals. Building the Analytics Ecosystem:ThoughtSpot has announced partnerships with innovative companies like Google Cloud Platform, Snowflake, Dell, DataRobot, Alteryx, and Carahsoft to help customers tackle challenges across the data pipeline. Per company press releases, ThoughtSpot last raised $248 million in August 2019 at a post-money valuation of $1.95 billion. www.lsvp.com, Press ContactRyan MattisonThoughtSpot Head of Content & Communications[emailprotected], For press inquiries, contact [emailprotected]. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The last comparable shift started in 1997, when Tableau was born as a Stanford PhD project by one of its founders. For more information, please visit www.thoughtspot.com. As a result, enterprises achieve the agility they need to delight their customers, identify new revenue opportunities, and drive the bottom line. This has made analytics one of the hottest areas in technology. Copyright 2022 Cloud Computing News. ThoughtSpot's quick growth, impressive size and strategic moves have only fueled IPO rumors over the past few years. November 22, 2021. Attracting the Right Talent: in the last year, ThoughtSpot has grown employee count by more than 65% to nearly 500 employees. Lawyers David Ambler, Mary Wilbourn and Allie Frappier led the Cooley team advising ThoughtSpot. Incredibly excited to announce we've raised $100M in new funding at a $4.2B valuation. As a result, ThoughtSpot has seen massive adoption from organizations around the globe, driving substantial new growth for the company. The funding will also be used to enhance go-to-market for these new offerings. For even these technical professionals, existing data visualization technology couldnt handle the massive - and growing - data volumes characterizing our modern world. 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. ThoughtSpots live analytics offerings give customers an intuitive, interactive means to empower their entire organization to capitalize on innovations happening across the cloud ecosystem. It has been a great journey so far and looking forward to another year 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. Gain insights into how companies can successfully navigate the transition from data-aware to truly data-driven with the rules of engagement for the new era. See for yourself and try ThoughtSpot today. Learn more about the virtualHybrid Cloud Congress, taking place on 18 January 2022 and explore how to optimise and unleash the power of your hybrid cloud. Cloud products now make up over half of ThoughtSpots annual recurring revenue. The real heroes of this round: our team and our customers. New investorSilver Lake Waterman, Silver Lakes late-stage growth capital fund,joined existing backers Lightspeed Venture Partners, Sapphire Ventures, and Geodesic Capital in this round of funding. On Monday, the Sunnyvale, California, company announced its first round of financing since the pivot: A $100 million Series F round led by a $45 million contribution from new investor March Capital. As innovations like cloud, mobile, and IoT make the world more software-driven, every industry is being transformed, and enterprises are demanding more. As ThoughtSpot eyes new growth vectors and focuses on capabilities for developers and data professionals, the company also announced today the launch of the new. ThoughtSpot has 573 and Business Valuation has 1 customers in Analytics And BI Platform industry. All Rights By making insights a part of every conversation and every decision, ThoughtSpot is reimagining the role of data in creating a more fact-driven world. He has published engaging interviews with leading industry figures from the likes of CBS, Rakuten, Spotify, and more. For the last year, Spotters around the world have been hard at work turning the vision for the Modern Analytics Cloud into reality. By using this form you agree with the storage and handling of your data by this website. Mountain View, California, United States 501-1000 Series F Private www.thoughtspot.com 15,948 Highlights Acquisitions 2 Total Funding Amount $673.7M Contacts 221 Employee Profiles 31 Investors 26 Two years later, Nair considers the transition almost all complete, a relatively quick turnaround that comes with the help of being a nimble startup. ThoughtSpots live analytics offerings give customers an intuitive, interactive means to empower their entire organization to capitalize on innovations happening across the cloud ecosystem. The valuation reset accompanied a change in business model, too. Our Live Analytics services deliver personalized, actionable insights at the point of impact for every user, at every level. The funding round was the sixth for the analytics . The E Series round raised total funding to $554 million with a valuation of $1.95 billion. The growth of our cloud offerings has surpassed our own expectations, accelerating our progress toward that mission, said Ajeet Singh, Cofounder & Executive Chairman, ThoughtSpot. We look forward to leveraging Marchs extensive operational and industry expertise to help ThoughtSpot build the multibillion leader in this important category.. This has given rise to a new role for many organizations, the analytics engineer. Compare ThoughtSpot vs Business Valuation 2022. ThoughtSpots innovative, cloud-native platform makes it easier than ever for any company, from high growth startups to global enterprises, to derive valuable insights and make smarter decisions from the large amounts of data they gather. ThoughtSpot is the Modern Analytics Cloud company. Its solution allows users to ask questions, analyze company data, and build reports and dashboards using a browser-based search interface. ThoughtSpot was started by a bunch of ex-Googlers looking to bring the power of search to data. 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. Learn more FOR DATA LEADERS Unleash the value of your cloud data. The Modern Milkmans Chief Strategy Officer, John Hughes on Using Data to Save Our Oceans from Plastic. With these new cloud capabilities, ThoughtSpot has emerged as the preferred consumption layer for this entire new data stack. 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. 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