ThoughtSpot, a Sunnyvale, California-based Modern Analytics Cloud company, announced that it raised a $100 million in Series F funding round at a new $4.2B valuation, more than doubling the company’s previous valuation and bringing the company’s total funding to $674M.
The round was led by new investor March Capital and joined by existing investors Lightspeed Ventures, Snowflake Ventures, Khosla Ventures, Fidelity, Capital One Ventures, General Catalyst, Sapphire Ventures, and GIC.
The new funding will be used to accelerate two new growth vectors for ThoughtSpot with analysts, data engineers, and developers, the roles upon which the entire modern data stack rests.
Company: ThoughtSpot, Inc.
Raised: $100.0M
Round: Series F
Funding Month: November 2021
Lead Investors: March Capital
Additional Investors: Lightspeed Ventures, Snowflake Ventures, Khosla Ventures, Fidelity, Capital One Ventures, General Catalyst, Sapphire Ventures, and GIC
Company Website: https://www.thoughtspot.com/
Software Category: Business intelligence and big data analytics platform
About the Company: ThoughtSpot is the Modern Analytics Cloud company, its mission is to create a more fact-driven world with the easiest to use analytics platform. With ThoughtSpot, anyone can leverage natural language search and AI to find data insights and tap into the most cutting-edge innovations the cloud data ecosystem has to offer. Companies can now put the power of their modern data stack in the hands of every employee, extend the value of their data to partners and customers, and automate entire business processes. ThoughtSpot’s web and mobile applications improve decision-making for every employee. With ThoughtSpot’s developer-friendly platform, customers can also embed consumer-grade analytics into their SaaS offerings or build entirely new interactive data apps that engage users and keep them coming back for more. Organizations like Walmart, BT, Daimler, Medtronic, Hulu, Royal Bank of Canada, Nasdaq, OpenTable, Workato, and Nationwide Building Society rely on ThoughtSpot to transform how their employees and customers take advantage of data.
Source: https://www.businesswire.com/news/home/20211115005234/en/ThoughtSpot-Raises-New-Funding-at-4.2B-Valuation-to-Fuel-the-Modern-Analytics-Cloud