{"id":4793,"date":"2019-08-28T16:34:12","date_gmt":"2019-08-28T20:34:12","guid":{"rendered":"https:\/\/solutionsreview.com\/business-intelligence\/?p=4793"},"modified":"2019-08-29T09:05:06","modified_gmt":"2019-08-29T13:05:06","slug":"thoughtspot-raises-a-quarter-billion-in-funding-amidst-record-growth","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/business-intelligence\/thoughtspot-raises-a-quarter-billion-in-funding-amidst-record-growth\/","title":{"rendered":"ThoughtSpot Raises a Quarter-Billion in Funding Amidst Record Growth"},"content":{"rendered":"
\"ThoughtSpot

Source: ThoughtSpot on YouTube<\/p><\/div>\n

ThoughtSpot announced today<\/a> that it has raised a whopping $248 million in new funding, bringing the company’s total earned to $554 million since its founding in 2012. The round will enable ThoughtSpot to step up its investment in go-to-market and customer and thought leadership events<\/a>, as well as expand efforts on research and development. ThoughtSpot is widely regarded as one of the best cloud BI and analytics solutions<\/a> in the space, and has seen its star rise considerably over the last two years.<\/p>\n

Our Buyer’s Guide for Analytics and Business Intelligence Platforms<\/em><\/a> helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.<\/div><\/p>\n

ThoughtSpot\u2019s analytics platform is heavily influenced by artificial intelligence and automation. While it may seem complex, ease of use is actually a strength of the product. It features a full-stack architecture and intuitive insight generation capabilities via the in-memory calculation engine. A distributed cluster manager provides customizable scaling options, and support for existing ETL solutions ensures proper connectivity to desired data sources.<\/p>\n

2019 has been a banner year for the San Francisco-based data analytics vendor, with companies like Walmart, Hulu and 7Eleven all becoming customers. ThoughtSpot has also opened offices in Singapore and Tokyo after its Series D round<\/a> in May of 2018. The company now touts nearly 500 employees, including recent hires CEO Sudheesh Nair and Chief Data Strategy Officer Cindi Howson<\/a>. ThoughtSpot was named the first new leader in six years in the Gartner Magic Quadrant for Analytics and BI Platforms<\/em><\/a> as well.<\/p>\n

In a statement to Solutions Review, Nair told us: “ThoughtSpot is the pioneer in this space and we deliver complete solutions around sales, marketing, supply chain, procurement and other business decisions. The success our customers have experienced with search & AI-driven analytics was a key part of this round. The new funding will help us take this innovation further so that we can deliver an even better product and experience for our customers.”<\/p>\n

<\/div>\n
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\"\"<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

ThoughtSpot announced today that it has raised a whopping $248 million in new funding, bringing the company’s total earned to $554 million since its founding in 2012. The round will enable ThoughtSpot to step up its investment in go-to-market and customer and thought leadership events, as well as expand efforts on research and development. ThoughtSpot […]<\/p>\n","protected":false},"author":23,"featured_media":4794,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[976,314,831,371],"acf":[],"yoast_head":"\nThoughtSpot Raises a Quarter-Billion in Funding Amidst Record Growth<\/title>\n<meta name=\"description\" content=\"ThoughtSpot has raised a whopping $248 million in new funding, bringing the company's total earned to $554 million since its founding in 2012.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/business-intelligence\/thoughtspot-raises-a-quarter-billion-in-funding-amidst-record-growth\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. 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