ThoughtSpot Strengths, Domain Expertise, and Key Differentiators
ThoughtSpot is a next-generation analytics platform powered by the World’s first Relational Search engine. ThoughtSpot combines a new relational search engine for data analytics with a custom-built, in-memory relational data cache to provide sub-second response times to search queries run over billions of rows of data.
ThoughtSpot Recent Developments
In October 2019, ThoughtSpot partnered with Nielsen. The partnership gives global retail brands instant access to Nielsen’s industry-leading retail data through search and AI-driven analytics.
The Retail Insights solution is part of the ThoughtSpot Atlas Marketplace, which was also announced today. In addition to announcing the Retail Insights solution, ThoughtSpot has officially joined the Nielsen Connect Partner Program.
ThoughtSpot Mergers and Acquisitions (M&A) Activities
ThoughtSpot Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ThoughtSpot applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ThoughtSpot and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SpotIQ, customers.
Ownership: - Lightspeed Venture Partners, Khosla Ventures, General Catalyst Partners, Geodesic Capital
Number of Employees: 460
Functional Markets: Analytics and BI,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
ThoughtSpot Key Enterprise and Cloud Applications
ThoughtSpot Revenues, $M:
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|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ThoughtSpot Revenue Breakdown By Type, $M:
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ThoughtSpot Enterprise Applications Revenues By Functional Markets, $M:
ThoughtSpot Enterprise Applications Revenues By Verticals, $M:
ThoughtSpot Revenues By Region, $M
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ThoughtSpot Direct vs Indirect sales
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ThoughtSpot Customers - Breakdown by Geo, Size, Vertical and Product
No. of ThoughtSpot Customers: 200
No. of ThoughtSpot Enterprise Applications Customers: 200
No. of ThoughtSpot Cloud Customers: x
No. of ThoughtSpot Cloud Subscribers: 1500
Fast growing list of about 200 customers include leading brands Amway, Scotiabank, Sterling National Bank, Celebrity Cruises, CMC Markets, Miami Children’s Hospital, and several other Fortune 500 customers.
ThoughtSpot Market Opportunities, M&A and Geo Expansions
In October 2019, ThoughtSpot made its search and AI-driven analytics platform even more intelligent and accessible with the launch of ThoughtSpot 6, which includes a suite of new features that further democratize data access and amplify insights.
The same month 2019, ThoughtSpo launched the Atlas Marketplace, a directory of solutions and technologies built by partners to provide turnkey solutions for customers and prospects looking for fast-time-value from ThoughtSpot.
In September 2019, ThoughtSpot gained two new members in the company’s executive team to support the company’s massive global growth.
Spencer Tuttle, VP of EMEA, will be instrumental in scaling ThoughtSpot’s European go-to-market teams to drive regional growth and customer success.
Raja Mukhopadhyay, SVP of Products, will expand ThoughtSpot’s research and development efforts, including supporting hiring needs for its engineering and product teams around the globe.
In October 2018, ThoughtSpot announced today plans to expand its business operations in India in 2019. As part of these plans, ThoughtSpot will double headcount in its Bangalore office to over 100 employees to innovate the company’s artificial intelligence and machine learning capabilities. ThoughtSpot will also grow its world-class ecosystem to include new partners with specific knowledge of the Indian market.
In March 2017, ThoughtSpot launched a new Embedded Analytics solution available with ThoughtSpot’s new Extended Enterprise Edition. ThoughtSpot’s Embedded Analytics solution enables organizations to deliver insights to employees, partners, and customers across their extended ecosystem, by infusing search-driven analytics into their custom business applications, B2B portals, and workflows.
In 2016, ThoughtSpot significantly expanded its London-based EMEA team, and opened an office in Seattle, Washington. To further accelerate growth, ThoughtSpot appointed several new executives.
In July 2017, ThoughtSpot expanded its engineering operations with the opening of its India Engineering Center in Bangalore. The newly established research and development hub is ThoughtSpot’s first in the Asia Pacific region.
ThoughtSpot Risks and Challenges
In August 2018, ThoughtSpot has appointed Sudheesh Nair as its new CEO.
Nair joins ThoughtSpot from Nutanix, where he was the company’s President.
Recent changes in top management may reflect to the Company go to market strategy.
ThoughtSpot Ecosystem, Partners, Resellers and SI
ThoughtSpot’s main channel is its direct sales team.
ThoughtSpot broadened partner program and launched notable new partnerships with HPE, Epson, and Peak Indicators. ThoughtSpot and HPE now co-sell a joint solution, where ThoughtSpot’s Relational Search software runs on HPE infrastructure, and HPE is a reseller of ThoughtSpot’s search-driven analytics solution.
Among its partners are: Keyrus, Informatica, Knowledgent, RichRelevance, Teradata, Trace3.
ThoughtSpot Cloud Infrastructure Insights
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- ThoughtSpot Public Cloud and Infrastructure (IaaS)
- ThoughtSpot Platform (PaaS)
- ThoughtSpot Application Delivery
- ThoughtSpot Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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