Press Release

ThoughtSpot Acquires Mode Analytics

June 27, 2023

Palo Alto – June 27, 2023 – Cooley advised ThoughtSpot, an artificial intelligence-powered analytics company, on its definitive agreement to acquire Mode Analytics, a business intelligence platform, for $200 million. Partners David Ambler and Rishab Kumar led the Cooley team advising ThoughtSpot.

The acquisition will combine ThoughtSpot and Mode Analytics’ technologies, allowing data teams to transform business intelligence with generative AI and improve businesses quickly, securely and at scale. ThoughtSpot also will increase its annual recurring value to more than $150 million while doubling its customer base, since there is little customer overlap.

Cooley previously advised ThoughtSpot on its Series F financing round in November 2021.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.