New funding to expand engineering center
ThoughtSpot is investing US$25 million in its engineering center in Bangalore to innovate the company’s industry leading search and AI-driven analytics platform.
It will continue to recruit talent from top Indian universities and begin business operations in India to bring augmented analytics to enterprises throughout the region.
Announcing the investment on 8 April 2019, ThoughtSpot cited the decision on demand for Artificial Intelligence and Machine Learning which are transforming every business, in every industry, across the globe.
India has become a major global hub for analytics and AI professionals, providing a significant opportunity for companies who can tap into this talent pool to keep up with the pace of innovation in the industry, said ThoughtSpot.
With the new funding, ThoughtSpot will be able to expand its rapidly growing AI engineering center in Bangalore to work on the company’s industry leading analytics and AI platform. These teams will directly collaborate with R&D centers in Sunnyvale and Seattle as part of ThoughtSpot’s globally distributed engineering team.
Furthermore, ThoughtSpot will leverage the new funding to hire fully formed product teams in the Bangalore office, including product managers, engineers, and designers. The company will also use the new investment to continue to hire technical and engineering talent from top universities throughout the region.
Bringing ThoughtSpot to Indian Enterprises
Concurrent with the investment in the engineering center, ThoughtSpot will also be launching its business operations in India, serving both global customers with data analytics and engineering teams in India, as well as enterprises based in India.
Currently, one in 10 open data science and machine learning jobs can be found in India, indicating a disconnect between the demand for insights and the supply of technical professionals who can provide them, said ThoughtSpot.
ThoughtSpot will bring its technology to market through partnerships with the powerful ecosystem of global systems integrators in India. Businesses can empower their frontline employees with the ability to find data-driven insights on their own using a simple, natural language search, or find answers to questions they didn’t even know to ask by using SpotIQ, ThoughtSpot’s AI engine.
This not only improves decision making and agility for frontline employees but frees up time for data talent to work on strategic, long term data initiatives.
“As we drive the data-centric initiatives with our Business 4.0TM thought leadership framework in our enterprise customers to accelerate business growth and transformation, we thrive to get insights into the hands of every decision maker,” said Dinanath Kholkar, Vice President, Global Head of Analytics & Insights, Tata Consultancy Services.
“By partnering with ThoughtSpot, we will be able to bring the power of search and AI-driven analytics to businesses throughout India and around the world, equipping every decision maker with the ability to find actionable insights, and make better decisions to drive business outcomes,” said Kholkar.
“Over the past two years, the Bangalore engineering center has become one of our key R&D centers, working hand in hand with our teams in Sunnyvale and Seattle to create a more fact-driven world through technology,” said Puneet Agarwal, ThoughtSpot VP and Head of India Engineering.
“We’re looking for the best and brightest minds in product, engineering, and design who share our passion for delivering real value to our customers, while bettering the world through artificial intelligence, distributed systems, databases, and UI/UX,” added Agarwal.
Continued Business Momentum
The world’s most innovative enterprises use ThoughtSpot to empower every person in their organization, from C-suite executive to front-line employee, with the ability to quickly uncover data-driven insights. With ThoughtSpot, business people can type a simple Google-like search in natural language to instantly analyze billions of rows of data, and leverage artificial intelligence to get trusted, relevant insights pushed to them as answers to thousands of questions they might not have thought to ask.
ThoughtSpot is simple enough for any business person to use, yet powerful enough to handle even the largest, most complex enterprise data without sacrificing speed, security, or governance.
Its customers include 7-11, BT, Celebrity Cruises, Daimler, De Beers, Hulu, Miami Children’s Health System, Nationwide Building Society, and Scotiabank. fiinews.com