ThoughtSpot Brings Valuation to $4.2 Billion With Series F Round
Palo Alto – November 22, 2021 – Cooley advised ThoughtSpot, a modern analytics cloud company, on its $100 million Series F financing round, which brings its valuation to $4.2 billion. Lawyers David Ambler, Mary Wilbourn and Allie Frappier led the Cooley team advising ThoughtSpot.
March Capital led the round, which included participation from existing investors Lightspeed Venture Partners, Snowflake Ventures, Khosla Ventures, Fidelity, Capital One Ventures, General Catalyst, Sapphire Ventures and GIC. ThoughtSpot will use the new capital to accelerate two new growth vectors with analysts, data engineers and developers – the roles upon which the entire modern data stack rests.
“From the start, ThoughtSpot has been focused on a singular mission: to create a more fact-driven world. The growth of our cloud offerings has surpassed our own expectations, accelerating our progress toward that mission,” Ajeet Singh, co-founder and executive chairman of ThoughtSpot, said in a news release. “We are pleased to see both cloud-native companies such as Cloud Academy and Frontify and large enterprises like T-Mobile make their data teams more productive and their businesses more data-driven with the Modern Analytics Cloud.”
ThoughtSpot enables its customers to leverage natural language search and artificial intelligence to find data insights and tap into the most cutting-edge innovations the cloud data ecosystem has to offer. Its web and mobile applications improve decision-making ability for every employee. With ThoughtSpot’s developer-friendly platform, customers can embed consumer-grade analytics into their software as a service (SaaS) offerings or build entirely new interactive data apps that engage users and keep them coming back for more.
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