Friday, August 18, 2017

ThoughtSpot Gets $60M For AI Analytics

Palo Alto-based ThoughtSpot, a developer of artificial intelligence analytics software, said on Thursday that it has raised $60M in new funding. The funding came from LightSpeed Ventures, and also included Capital One Growth Ventures, along with its prior investors. The company says it has now raised $160M in total. ThoughtSpot is led by Ajeet Singh. The company said it will use the funding to accelerate research and development for its platform, expand globally into Asia Pacific, and hire "industry-focused customer success experts."