Funding

ThoughtSpot to infuse $25M in India to kickstart operations in Bengaluru

The Palo Alto-based company will be serving both global customers with data analytics and engineering teams in India, as well as enterprises.

Rashi Varshney
8th Apr 2019
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Palo Alto-based ThoughtSpot that provides search and AI-driven analytics for business and enterprises announced that it will invest $25 million in its engineering center in Bengaluru, India.

 

Concurrent with the investment in the engineering center, ThoughtSpot will also be launching it’s business operations in India, serving both global customers with data analytics and engineering teams in India, as well as enterprises.

 

The company will bring its technology to market through partnerships with the powerful ecosystem of global systems integrators in India, it added in a statement.


Sudheesh Nair, CEO of ThoughtSpot, said,


“With the new investment, we’ll not only be able to grow our team with this kind of talent from across India, but simultaneously bring our platform to Indian enterprises for the first time with a dedicated, local team."



Sudheesh Nair, CEO, ThoughtSpot

With the new funding, ThoughtSpot will be able to expand its rapidly growing AI engineering center in Bangalore, India to work on the company’s industry leading analytics and AI platform. These teams will directly collaborate with R&D centers in Sunnyvale and Seattle as part of ThoughtSpot’s globally distributed engineering team.


The company will also hire fully formed product teams in the Bengaluru office, including product managers, engineers, and designers.


Puneet Agarwal, VP and Head of India Engineering of ThoughtSpot, said,

“We’re looking for the best and brightest minds in product, engineering, and design who share our passion for delivering real value to our customers, while bettering the world through artificial intelligence, distributed systems, databases, and UI/UX."


The startup was founded in 2012 by Ajeet Singh, Shashank Gupta, Vijay Ganeshan, Sanjay Agrawal, Abhishek Rai, Priyendra Deshwal, and Amit Prakash.Last May, it raised $145 million in Series D funding from both existing investors like Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst and new investors like Sapphire Ventures, and others. It has raised a total of $306 million funding.

 

The company claims that in the last one year, it has made progress in all major parts of the business, in terms of  product and partner expansions with new innovations like voice-driven analytics with SearchIQ, predictive analytics and machine learning through partnerships with DataRobot and Altery.


It has also grown its leadership team with a new Chief Data Strategy Officer Cindi Howson, and VP of Global People Operations Marta Molina Paul.



Also Read: Meet the Indian-origin entrepreneurs who are powering the US startup ecosystem

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