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. It helps customers bring speed to data analysis by answering natural language questions about the data without having to understand how to formulate a SQL query. As a person enters questions, ThoughtSpot translates that question into SQL, then displays a chart with data related to the question, all almost instantly.
ThoughtSpot reported 108% revenue growth for the fiscal year ending January 31, 2020. The company’s growth was driven by significant adoption by organizations in every industry vertical, as enterprises look beyond the rapidly consolidating data visualization market to the next generation of analytics, powered by search, artificial intelligence, and the cloud, to transform their business.
ThoughtSpot Recent Developments
In June 2020, ThoughtSpot launched a new offering for Amazon Web Services (AWS) to help enterprises gain faster insights with cloud-based analytics. Now available, ThoughtSpot Embrace for AWS allows users to run search and artificial intelligence (AI)-driven analytics queries directly in Amazon Redshift, without the need to move or cache any data.
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 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: - Silver Lake Waterman, Lightspeed Venture Partners, Khosla Ventures, General Catalyst Partners, Geodesic Capital
Number of Employees: 650
Functional Markets: Analytics and BI,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
ThoughtSpot Key Enterprise and Cloud Applications
ThoughtSpot Revenues, $M:
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|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* 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:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
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ThoughtSpot Enterprise Applications Revenues By Functional Markets, $M:
ThoughtSpot Enterprise Applications Revenues By Verticals, $M:
ThoughtSpot Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
ThoughtSpot Direct vs Indirect sales
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ThoughtSpot Customers - Breakdown by Geo, Size, Vertical and Product
No. of ThoughtSpot Customers: 250
No. of ThoughtSpot Enterprise Applications Customers: 250
No. of ThoughtSpot Cloud Customers: x
No. of ThoughtSpot Cloud Subscribers: x
The company has almost 250 large-company 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 August 2019, ThoughtSpot received $248 million Series E round. Investors include Silver Lake Waterman, along with existing investors Lightspeed Venture Partners, Sapphire Ventures and Geodesic Capital. The funding brings the total raised to $554 million. The funding gives the company a great deal of flexibility moving forward, including the possibility of acquiring companies to fill in missing pieces or to expand the platform’s capabilities.
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 in 2019, ThoughtSpot 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.
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
VoiceBase, AI-Powered Voice Analytics company, went into a strategic partnership with ThoughtSpot, to revolutionize how enterprises gain faster insights from their voice data through innovative search capabilities.
In March 2020, ThoughtSpot entered the French market by opening a Paris office
ThoughtSpot's main channel is its direct sales team. 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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