ThoughtSpot

ThoughtSpot, Inc.
Formerly called
 Scaligent Inc.[1]
Private
Industry Analytics, Business intelligence
Founded 2012 (2012) in Palo Alto, California, United States
Founders Ajeet Singh, Shashank Gupta, Vijay Ganesan, Sanjay Agrawal, Abhishek Rai, Priyendra Deshwai, Amit Prakash[2]
Headquarters Palo Alto
Key people
  • Ajeet Singh, CEO
  • Amit Prakash CTO
Number of employees
 120 (2016)[3]
Website http://www.thoughtspot.com/

ThoughtSpot, Inc. is a technology company that produces business-intelligence analytics search software. The company is based in Palo Alto, California with additional offices in London[4] and Seattle.

ThoughtSpot was founded in 2012, and as of May 2016, had raised over $90 million in funding.[5] ThoughtSpot's clients include companies such as Bed Bath & Beyond and Hightail.[6]

History

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.[3][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 in an effort to expand to the European market.[4] 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.[6][9] 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 infrastructure.[10][11]

Technology

ThoughtSpot's allows for non-technical individuals to conduct a self-service data analysis search.[12] ThoughtSpot's relational search engine can analyze information from any data source, including data warehouses, point of sale data and social media sites.[3]

In 2015, ThoughtSpot released ThoughtSpot 3, which included DataRank, a machine learning algorithm that presents data suggestions to guide users as input is being typed, AutoJoins, which automatically graphs data sources and joins tables to calculate answers across previously siloed databases, and PopCharts a visualization engine that sorts through possible charts and graphs and presents users with the one best suited to their search.[13][14]

References

  1. 1 2 Lopez, Destiny (May 23, 2016). "ThoughtSpot Brings Total Capital Investment to Over $90 Million With Series C Funding". Equities. Retrieved July 29, 2016.
  2. 1 2 Miller, Ron (June 18, 2014). "ThoughtSpot Grabs $30M In Series B Funding To Modernize Business Intelligence". TechCrunch. Retrieved July 29, 2016.
  3. 1 2 3 Rogers, Bruce (May 4, 2016). "Is Ajeet Singh's ThoughtSpot The Next Google For Numbers". Forbes. Retrieved July 29, 2016.
  4. 1 2 Roy, Rohit (May 20, 2016). "ThoughtSpot Announces $50M Series C Funding to Lead Search-Driven Analytics for the Enterprise". Martech Advisor. Retrieved July 29, 2016.
  5. ↑ Whiting, Rick (June 23, 2016). "Follow The MOney: 30 IT Companies That Collectively Raised $850M In Financing". The Channel Company. Retrieved July 29, 2016.
  6. 1 2 Shieber, Jonatha (May 19, 2016). "Investors Serve Up $50 Million for ThoughtSpot's Search Engine for Enterprise Data". TechCrunch. Retrieved July 29, 2016.
  7. ↑ Gage, Deborah (February 5, 2014). "Former Googlers Create ThoughtSpot for Google-Like Enterprise Search". The Wall Street Journal. Retrieved July 29, 2016.
  8. ↑ Harris, Derrick (February 5, 2014). "Nutanix Co-Founder Launches ThoughtSpot, an Appliance for Analytics". Gigaom. Retrieved July 29, 2016.
  9. ↑ Clancy, Heather (May 19, 2016). "Can This Startup Become the Corporate Version of Google?". Fortune. Retrieved July 29, 2016.
  10. ↑ "ThoughtSpot Expands Series C Funding With Hewlett Packard Pathfinder". Finsmes. October 17, 2016. Retrieved November 22, 2016.
  11. ↑ "ThoughtSpot Receives Series C Financing Round". Xconomy. October 18, 2016. Retrieved November 22, 2016.
  12. ↑ Novet, Jordan (June 18, 2014). "ThoughtSpot's Google-Style Search For Business Intelligence Finds $30M". VentureBeat. Retrieved August 15, 2016.
  13. ↑ Barker, Ian. "ThoughtSpot Gives Companies a Self-Learning Search Capability". betanews. Retrieved August 15, 2016.
  14. ↑ "ThoughtSpot 3 Released to Harness Collective Intelligence for Search-Driven Analytics". insideBIGDATA. December 10, 2015. Retrieved August 15, 2016.
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