ThoughtSpot – The Business Intelligence Company That Runs On Data
The wave of data and analytics has completely changed the way businesses were run in the past. Riding this wave is ThoughtSpot – one of the leading companies that brings an innovative analytics platform to help businesses grow. And, in this post we are going to take a look at some of the most important things about the company that make it a world leader in its field.
So, let us begin.
The founding story
In the year 2012, a few engineers who previously worked with companies like Google, Microsoft, Yahoo and Oracle got together to lay the foundation of what we know today as ThoughtSpot. Three key names in this were Sudeesh Nair, Amit Prakash and Ajeet Singh, all of Indian origin. The company found its success quite early, raising a seed funding of $10.7 million the same year. Since then, there has been no looking back for ThoughtSpot.
Expansion and Growth in the Market
Within a couple of years of its inception, the company managed to get a funding of $30 million from Khosla Ventures. Though the company was founded in Palo Alto, California it soon began expansion at both local and international market. Currently the company has its headquarters in Sunnyvale and offices in London, Bangalore, Seattle and Tokyo.
It opened its first international office in London in the year 2016, expanding its niche to the European market. The same year it announced that the company had seen a whopping 810% increase in its revenue from the previous year.
Impressive List of Clients
Today, after close to 8 years in the market, ThoughtSpot has managed to garner an impressive clientele. The list includes names lie Apple, Bed Bath & Beyond, Hightail, Walmart and more. As it is evident from the names in its client list, the company surely has managed to emerge as one of the most popular names in the market.
Awards and Recognition
Being the company that has grown at breakneck speed over the years, ThoughtSpot has won quite a number of accolades and has been recognized from time to time. In the year 2016, Gartner awarded ThoughtSpot as the “Cool Vendor in Analytics” title. The next year, the company managed to be part of the Gartner Magic Quadrant for Business Intelligence and Analytics Platforms report, which is a highly prestigious achievement. It again made it to the list in the years 2019 and 2020 consecutively. ThoughtSpot also made it to the list of Top 100 American Companies announced by Red Herring.
And, The Journey Continues
There is no denying the fact that Analytics is the future of businesses, and ThoughtSpot has been leading the charge with its amazing service. In fact, since 2012, the company has been doing its best to make the world a better place to live. With its services and a vision to create the world simpler through its fact-driven approach, ThoughtSpot has been changing the world one day at a time.
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