Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 08 2019

ThoughtSpot Announces $ 25 mn Investment in India to Accelerate Development of AI and ML platform

New funding will be used to expand engineering center in Bangalore and recruit talent from top universities.

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.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Gourmet Stores
    About Us: Roopak’s Pik-N-Pay is one of its kind stores offering..
    Locations looking for expansion Haryana
    Establishment year 1958
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Clinics & Nursing Homes
    About Us: A journey that has transformed an idea into an..
    Locations looking for expansion Maharashtra
    Establishment year 1986
    Franchising Launch Date 2005
    Investment size Rs. 50lac - 1 Cr.
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Extra Curriculum Activities
    About Us: Who are we & where do we belong? We are..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities