Welcome!

News Feed Item

Don't BI, Just Search: ThoughtSpot Brings Google-Like User Experience to Business Data

REDWOOD CITY, CA -- (Marketwired) -- 02/05/14 --


  • Raised $10.7 million in an oversubscribed Series A round led by Lightspeed Venture Partners
  • ThoughtSpot eliminates the need for traditional BI tools through ThoughtSpot Relational Search Engine combined with its enterprise-class ThoughtSpot In-memory Database
  • Designed for mid-to-large enterprises, ThoughtSpot Data Search Appliance is now available under early access program

ThoughtSpot Inc., a revolutionary innovator in bringing search to business data, today announces the launch of its early access program for ThoughtSpot Data Search Appliance. ThoughtSpot now offers business users the ability to access and analyze terabytes of business data with a Google-like ease-of-use. The appliance eliminates the tremendous reporting pressure that is created on IT by data-hungry business users. In addition, it enables IT to manage data and infrastructure in a secure and centralized manner, eliminating proliferation of data copies on users' desktops.

Web Data Search -- Google; Social Data Search -- Facebook and LinkedIn; Business Data Search -- ?

Google has transformed the way the world searches for public data on the web. Facebook and LinkedIn have changed how we search through our social data. The business data world, however, is still stuck in the past, requiring constant time and attention from IT to create reports using Business Intelligence tools that were built ten to twenty years ago. ThoughtSpot is building disruptive technology from the ground-up to change the game in business data access, analysis and visualization. ThoughtSpot Data Search Appliance provides a consumer-class user experience with enterprise-class security, scalability, and manageability. Big vendors such as SAP and IBM have talked about BI products that provide a search-based experience to enterprise users but ThoughtSpot is delivering on this promise to reinvent how BI is done.

"We see a huge opportunity in the BI market for a product that can bring the power of search to business data. Here at ThoughtSpot, we have spent the past 18 months building an A+ team to create something that will genuinely be a game-changer in the world of BI," said the ThoughtSpot co-founders. "We are thrilled to open up early access to more customers today. The level of interest and excitement we've seen so far is a validation of our belief that enterprise customers want a Google-like interaction with their data and are tired of traditional, complicated BI tools."

Founders, Investors, and Advisors

The founding team at ThoughtSpot has a strong track record of building revolutionary companies and technologies. CEO & co-founder Ajeet Singh is a second-time entrepreneur, who previously co-founded Nutanix, one of the fastest-growing enterprise technology companies of the last decade that was valued at a billion dollars recently. CTO & co-founder Amit Prakash was a founding engineer of Microsoft's Bing team and then spent five years leading technical teams in Google's AdSense Analytics group. Other co-founders include technical leaders who have made significant contributions to technology such as Google's Search Index, Google's Project Borg, Google's Ads Database, Microsoft's SQL Server, and Oracle's BI-in-the-cloud.

ThoughtSpot has raised $10.7MM Series A from Lightspeed Venture Partners and angel investors Frank Slootman (President & CEO, ServiceNow; ex-CEO, Data Domain), Lane Bess (COO, ZScaler; ex-CEO, Palo Alto Networks), Steve Sommer (CMO, Splunk), and Sudheesh Nair (VP WW sales, Nutanix). ThoughtSpot is also advised by a team of data analytics experts from companies such as Facebook, Informatica, and Netezza/IBM.

"There is a huge opportunity to consumerize business data access by replacing BI tools from decades ago with an intuitive, web-search like experience," said Ravi Mhatre, partner at Lightspeed Venture Partners. "We are pleased and honored to support the ThoughtSpot founding team as they shake things up in this massive market." The ThoughtSpot board is comprised of Ajeet Singh, Amit Prakash, Ravi Mhatre, Arif Janmohamed (partner, Lightspeed Venture Partners), and Frank Slootman (board observer).

About ThoughtSpot

ThoughtSpot is aiming to fix the broken business intelligence model in the enterprise. ThoughtSpot Data Search Appliance is a plug-and-play solution that provides a search-based user experience for business data access and analysis. Based in Redwood City, CA, ThoughtSpot has raised $10.7M in Series A from Lightspeed Venture Partners and top-tier angel investors. The ThoughtSpot founding team has experience of building the fastest-growing enterprise tech company of the last decade, Nutanix, and also market-defining search and analytics technologies at companies such as Google, Amazon, Oracle, and Microsoft. For more information contact [email protected]. Follow us on Twitter at @thoughtspot.

Facebook: www.facebook.com/ThoughtSpot
Twitter: www.twitter.com/thoughtspot
LinkedIn: www.linkedin.com/company/thoughtspot
Google+: http://plus.google.com/u/1/112557475465337864536/posts

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.