ThoughtSpot, an enterprise search and AI-driven analytics firm announced its plans to expand its business operations in 2019. As part of these plans, ThoughtSpot will double headcount in its Bangalore office to over 100 employees to innovate the company’s artificial intelligence and machine learning capabilities.
ThoughtSpot was co-founded in 2012 by Ajeet Singh, former co-founder and Chief Product Officer at Nutanix, one of the largest tech IPOs of 2016, currently led by CEO Sudheesh Nair, will also grow its world class ecosystem to include new partners with specific knowledge of the Indian market. The company is headquartered in Palo Alto, with offices in Seattle, London, and Bangalore.
“ThoughtSpot continues to innovate at a breakneck pace to redefine what’s possible with data, and by expanding our operations in India, we’ll be able to tap into the exceptional talent in the region,” said Ajeet Singh, cofounder and Executive Chairman, ThoughtSpot. “As we build new machine learning and artificial intelligence capabilities into our platform to make analytics even more accessible and powerful for modern enterprises, our growing team in India will play a critical role in bringing this innovation to market.”
The past year has been marked by impressive growth for ThoughtSpot, including raising $145M in new funding and record sales. In 2019, ThoughtSpot will continue this growth, and expand sales operations in the region, including partnering with large Indian system integrators, to help Indian organizations in verticals like retail, BFSI, government, and healthcare turn big data into meaningful insights.
“In a short span of time, ThoughtSpot has fundamentally disrupted the analytics market by empowering business users to answer their own data questions simply and instantly, without sacrificing the scale, security, or governance requirements of today’s CIO” added Singh. “As we continue build ThoughtSpot into a lasting, sustainable business, a strong alliance of partners will be essential if we truly want to help solve the data challenges facing global enterprises.”
The $203 billion data and analytics industry are at an inflection point. While the industry has historically catered to technical users in the enterprise, there’s been a simultaneous explosion of knowledge workers who require data and insights to do their job. Traditional data teams, often hindered by legacy solutions, are unable to meet this growing demand, let alone take on highly strategic data projects. In view of that, ThoughtSpot has taken a radically different approach to solving this problem, putting the power of 1000 analysts into the hands of non-technical business people without requiring any special training, the company said.
