IITian’s ThoughtSpot invests $25 Million to launch in India

Key Highlights

ThoughtSpot plans to invest $25 Million (Rs. 174 Crore) to kick off its operations in Bengaluru, India.

ThoughtSpot is going to do partnerships with the powerful ecosystem of global systems integrators in India.

ThoughtSpot’s AI engine SpotIQ helps businesses in accrediting their frontline employees.

Expansion with innovation is the first step in the success of any business. Therefore it’s highly crucial for a startup or company of any domain to diversify its business into several segments to enhance its portfolio and profitability from the business. To focus on the same concept and enhance service portfolio Silicon Valley-headquartered searches and Artificial Intelligence (AI)-driven analytics platform ThoughtSpot is going to invest $25 Million (Rs. 174 Crore) to kick off its operations in Bengaluru, India. The company is planning to use funds to hire innovative minded product teams in the Bengaluru office, including engineers, product managers, and designers. Along with this the firm is also going to use investments in hiring engineering and technical talents from top renowned University. ThoughtSpot is going to bring its technology in the market by doing partnerships with the powerful ecosystem of global systems integrators in India.

According to Puneet Agarwal, ThoughtSpot VP and Head of India Engineering, since past two years, Bengaluru center has become one of our key R&D centers, working hand in hand with our teams in Sunnyvale and Seattle to build a more fact-driven world through technology.

ThoughtSpot’s AI engine SpotIQ assists businesses in accrediting their frontline employees with the facility to find data-driven insights on their own using a natural and simple language search, or finding answers to questions they didn’t even know to ask.

According to Sunil Mahale, ThoughtSpot Vice President of Asia Pacific and Japan (APJ), This investment will not only assist ThoughtSpot to bring innovations to our customers faster than ever before but this time, we will have a devoted business team to bring search and AI-driven analytics to enterprises throughout India,”

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