ThoughtSpot Announces $ 25 mn Investment in India to Accelerate Development of AI and ML platform
ThoughtSpot has announced plans to invest $25 million 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.
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.
Sudheesh Nair, CEO of ThoughtSpot, said, “In a space as rapidly evolving as artificial intelligence and machine learning, the only way to keep up with the needs of enterprise customers is by hiring exceptional talent who can deliver innovation quickly. With the new investment, we’ll not only be able to grow our team with this kind of talent from across India, but simultaneously bring our platform to Indian enterprises for the first time with a dedicated, local team.”