ThoughtSpot Announces $25 mn Investment in India in AI & ML Platform

Artificial intelligence and machine learning are transforming every business, in every industry, across the globe. Today, ThoughtSpot announced plans to invest $25M in its engineering center in Bangalore, India. The funds will be used to innovate the company’s industry-leading search and AI-driven analytics platform and continue to recruit talent from top Indian universities. ThoughtSpot will also begin business operations in India to bring augmented analytics to enterprises throughout the region. ThoughtSpot has operations in the US, UK, Germany and India.

Creating the Future of AI in India

India has become a major global hub for analytics and AI professionals, providing a significant opportunity for companies who can tap into this talent pool to keep up with the pace of innovation in the industry. With the new funding, ThoughtSpot will be able to expand its rapidly growing AI engineering center in Bangalore, India to work on the company’s industry-leading analytics and AI platform. These teams will directly collaborate with R&D centers in Sunnyvale and Seattle as part of ThoughtSpot’s globally distributed engineering team. Furthermore, ThoughtSpot will leverage the new funding to hire fully formed product teams in the Bangalore office, including product managers, engineers, and designers. The company will also use the new investment to continue to hire technical and engineering talent from top universities throughout the region.

Bringing ThoughtSpot to Indian Enterprises

Concurrent with the investment in the engineering center, ThoughtSpot will also be launching it’s business operations in India, serving both global customers with data analytics and engineering teams in India, as well as enterprises based in India. Currently, one in ten open data science and machine learning jobs can be found in India, indicating a disconnect between the demand for insights and the supply of technical professionals who can provide them.

ThoughtSpot will bring its technology to market through partnerships with the powerful ecosystem of global systems integrators in India. Businesses can empower their frontline employees with the ability to find data-driven insights on their own using a simple, natural language search, or find answers to questions they didn’t even know to ask by using SpotIQ, ThoughtSpot’s AI engine. This not only improves decision making and agility for frontline employees, but frees up time for data talent to work on strategic, long term data initiatives.

Dinanath Kholkar, Vice President, Global Head of Analytics & Insights, Tata Consultancy Services, said that as they drive the data-centric initiatives with their Business 4.0TM thought leadership framework in our enterprise customers to accelerate business growth and transformation, they thrive to get insights into the hands of every decision maker. By partnering with ThoughtSpot, they will be able to bring the power of search and AI-driven analytics to businesses throughout India and around the world, equipping every decision maker with the ability to find actionable insights, and make better decisions to drive business outcomes, he said.