4 years ago

ThoughtSpot Secures $100M Series F, Reaching $4.2B Valuation

  • ThoughtSpot, a data analytics company, has raised $100 million in a Series F funding round led by March Capital, valuing the company at $4.2 billion

  • This round follows a successful transition to the cloud for ThoughtSpot, which now sees 85% of new customers opting for its cloud-based products

  • The company's software enables employees to ask questions and receive real-time insights from data stored in various sources

  • The funding will be used to boost sales and marketing efforts, particularly for features targeting engineers and developers.

      • ProblemTechnology

      "Businesses need to make sense of their data to make informed decisions, but traditional business intelligence tools are often complex and require technical expertise to use."

      Solution

      "ThoughtSpot offers an AI-powered analytics platform that allows anyone, regardless of technical skill, to ask questions of their data using a simple search interface and receive real-time insights."

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