ThoughtSpot proposes to invest $25M in India

ThoughtSpot has announced plans to invest $25M in its engineering center in Bangalore, India. The funds will be used to innovate the company’s industry leading search and AI-driven analytics platform and continue to recruit talent from top Indian universities. ThoughtSpot will also begin business operations in India to bring augmented analytics to enterprises throughout the region.

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. With the new funding, ThoughtSpot will be able to expand its rapidly growing AI engineering center in Bangalore, India 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.

Concurrent with the investment in the engineering center, ThoughtSpot will also be launching it’s 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 ten 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.

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.

Puneet Agarwal, ThoughtSpot VP and Head of India Engineering, says, “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. 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.”