The AI startup achieved Unicorn status last year

Thoughtspot, founded in 2012 by Indian-origin tech entrepreneurs, is a US-based data analytics provider that uses artificial intelligence in its operations. Its latest valuation puts the firm at $1.95 billion. Since inception, it has total funding of $554 million.

In May 2018, the firm raised $145 million when it was only looking for $70 million. That round catapulted the company into the unicorns league.

Investor Sapphire Ventures said at the time: “ThoughtSpot has changed the enterprise data analytics game by allowing companies to understand and interact with their data like never before through their search and AI-driven analytics platform.”

Torrid growth for ThoughtSpot

The company grew its revenue nearly four times in the second half of 2018. Its current revenue run rate is nearly $100 million and it boasts of marquee customers such as Walmart, Daimler, and Rolls Royce.

In March this year, it moved its headquarters from Palo Alto to Sunnyvale. It has opened offices in Singapore, Tokyo, and Dusseldorf, and spent $25 million on its Bengaluru (India) R&D center.

Loyal investors

Existing investors Lightspeed Venture Partners, Sapphire Ventures and Geodesic Capital participated in the recent round. Silver Lake Waterman was a new investor, however.

ThoughtSpot was founded by Ajeet Singh and Amit Prakash, and a few other Indian-origin engineers. Singh previously also co-founded cloud computing firm Nutanix.