ThoughtSpot, a search-driven analytics service for enterprise, announced today that it snagged a $50 million investment led by General Catalyst Partners.
Based in Palo Alto, California, the business intelligence startup just opened offices in London. The company said it will use the latest funds to fuel technology advancement and further global expansion.
“The businesses of the future will not wait days or weeks for reports to be built. And the analytics teams of the future will no longer be report factories,” said ThoughtSpot’s CEO, Ajeet Singh. “We create a win-win scenario for both groups — business people get data instantly to make decisions, while analytics teams can focus on more advanced analyses.”
Geodesic Capital and existing investors Lightspeed Ventures and Khosla Ventures also participated in the round.
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The series C round brings ThoughtSpot’s funds to at least $90 million.
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