ThoughtSpot raises $50M

What does ThoughtSpot do?
ThoughtSpot, is the leader in search driven analytics in the enterprise. The company’s aim is to eliminate the necessity for complex business intelligence tools for enteprise data analytic. the company’s relational search appliance combines data from on premise, desktop and cloud data sources and allows the enterprise users in accessing them through a simple search interface while providing enterprise class security, scalability and manageability for IT. The company’s founders have a record of starting Nutanix, which is a enterprise tech company which is on its way to an IPO, and building analytics technologies and market defining search at companies such as Oracle, Google, Microsoft and Amazon.

How much ThoughtSpot was funded?
The company raised $50M in Series C on May 19, 2016 from Khosla Ventures, Geodesic Capital, Lightspeed Venture Partners and General Catalyst Partners.
Previous funding
$10.7M in Series A on June 16, 2012 from Lane Bess, Sudheesh Nair, Steve Sommer, Lightspeed Venture Partners and Frank Slootman.
$30M in Series B on June 18, 2014 from Khosla Ventures and Lightspeed Venture Partners
What is next for ThoughtSpot?
ThoughtSpot has driven 810% sales growth in the past year by securing a growing list of enterprise customers and increasing by 2 times the average deal size across all vertical markets. The latest investment will help the company in continuing its growth in 3 areas- hiring, worldwide expansion and tech advancement

More about ThoughtSpot
The company was founded on June 1, 2012 by Ajeet Singh, Vijay Ganesan, Shashank Gupta, Abhishek Rai, Sanjay Agrawal, Priyendra Deshwal and Amit Prakash. This team of funders have built market defining search and analytics technologies at Amazon, Google, Microsoft and Oracle. The company has its headquarters in Palo Alto, CA. This company is disrupting the business intelligence industry with its search driven analytics for the enterprise.