ThoughtSpot, Inc.

About ThoughtSpot, Inc.

Financials

Dated, source-cited figures. Estimates are marked.

Products by ThoughtSpot, Inc.

All products by ThoughtSpot, Inc. reviewed by our AI panel of experts.

ThoughtSpotAI Analytics

Self-service analytics powered by AI search and automated insights

From $25/mo7.8/10

How Our Review Panel Scores ThoughtSpot, Inc.

Six independent reviewer personalities assessed ThoughtSpot, Inc.'s product on their own terms. They disagreed by 1.4 points — The Finance Lead was the hardest to convince, The Domain Strategist the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who ThoughtSpot, Inc. competes with, and how they differ.

Tableau7.7/10

Tableau is the market-share leader in traditional drag-and-drop BI visualization, while ThoughtSpot differentiates on natural-language search and, more recently, agentic AI analysis (Spotter) as the primary interface rather than manually built dashboards.

2 products reviewed on TopReviewed

Microsoft Power BI7.8/10

Power BI is bundled into Microsoft 365/Azure at a much lower incremental cost and wins largely on that distribution, whereas ThoughtSpot is sold as a standalone platform and competes on search-driven and embedded analytics rather than price.

9 products reviewed on TopReviewed

Qlik6.5/10

Qlik's associative engine lets users explore relationships across an entire dataset without predefined query paths, competing with ThoughtSpot's search-driven approach at the high end of enterprise self-service BI.

1 product reviewed on TopReviewed

M

MicroStrategy

MicroStrategy competes on governed enterprise reporting and its HyperIntelligence contextual-data-overlay feature, targeting the same large-enterprise BI budgets as ThoughtSpot's embedded analytics business.

Domo7.3/10

Domo targets business users with a lower-code, cloud-native dashboard and app-building platform, competing with ThoughtSpot mainly on ease of deployment for line-of-business teams rather than on data scale or embedded use cases.

1 product reviewed on TopReviewed

Sisense7.6/10

Sisense specializes in embedding analytics into other software products via its Fusion engine, directly overlapping with ThoughtSpot Everywhere/Embedded in the OEM analytics market.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in ThoughtSpot, Inc.'s history, with sources.

1. Sep 26, 2024Milestone

   Ketan Karkhanis appointed CEO

   Former Salesforce executive Ketan Karkhanis succeeded Sudheesh Nair as ThoughtSpot's chief executive officer.

   thoughtspot.com
2. Jun 26, 2023Acquisition

   Acquired Mode Analytics for $200M in cash and stock

   ThoughtSpot agreed to acquire business-intelligence startup Mode Analytics in a deal combining cash and stock, expected to close later in 2023.

   techcrunch.com
3. Nov 15, 2021Funding

   Series F — $100M at $4.2 billion valuation

   Round announced as ThoughtSpot completed its transition to a cloud-native architecture.

   thoughtspot.com
4. May 4, 2021Acquisition

   Acquired Diyotta, a data-integration vendor

   Second acquisition added Diyotta's data-integration technology and roughly 60 employees, expanding ThoughtSpot's R&D team by about 25%. Financial terms were not disclosed.

   techtarget.com
5. Mar 31, 2021Acquisition

   Acquired SeekWell, its first acquisition

   ThoughtSpot bought SQL-based analytics startup SeekWell (founded 2018, roughly 140 enterprise customers) to make its platform bi-directional, syncing insights back into apps like Salesforce and Google Sheets. Financial terms were not disclosed.

   techtarget.com
6. Aug 28, 2019Funding

   Series E — $248M led by Silver Lake Waterman

   Round valued ThoughtSpot at $1.95 billion and brought total capital raised to $554 million, with roughly $350 million in cash reserves as the company positioned for a possible future IPO.

   techcrunch.com
7. Aug 1, 2018Milestone

   Sudheesh Nair appointed CEO

   Former Nutanix president Sudheesh Nair became ThoughtSpot's chief executive officer.

   thoughtspot.com
8. May 8, 2018Funding

   Series D — $145M led by Sapphire Ventures

   Round pushed ThoughtSpot's total funding to $306 million and its valuation over $1 billion, reaching unicorn status.

   fortune.com
9. May 19, 2016Funding

   Series C — $50M led by General Catalyst

   Funding round to expand ThoughtSpot's search-based enterprise data analytics platform.

   techcrunch.com
10. Jun 18, 2014Funding

    Series B — $30M led by Khosla Ventures

    Round announced to help ThoughtSpot modernize business intelligence with its search-driven analytics appliance.

    techcrunch.com
11. Feb 5, 2014Funding

    Series A — $10.7M led by Lightspeed Venture Partners

    ThoughtSpot, founded by ex-Nutanix co-founder Ajeet Singh and ex-Google/Microsoft engineer Amit Prakash, raised its first outside funding to build a Google-like natural-language search engine for enterprise data.

    techcrunch.com