thoughtspot Archives - 做厙勛圖 News /tag/thoughtspot/ Data-driven reporting on private markets, startups, founders, and investors Thu, 07 Nov 2024 11:02:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.12 /wp-content/uploads/cb_news_favicon-150x150.png thoughtspot Archives - 做厙勛圖 News /tag/thoughtspot/ 32 32 ThoughtSpot Picks Up $145M After Raising $60M Last August /business/thoughtspot-picks-145m-raising-60m-last-august/ Tue, 08 May 2018 16:22:02 +0000 http://news.crunchbase.com/?post_type=news&p=13989 Another day, another $100 million round.

After yesterday’s $125 million for Mesosphere, ��announced a $145 million raise today. The enormous Series D comes less than a year after the company in August 2017.

The Bay Area-based business analytics platform that claims to use artificial intelligence has now raised in the ballpark of $300 million, per 做厙勛圖’s data with the new capital added in. joined ThoughtSpot’s cap table in the Series D, adding its name to prior investors , , , and corporate venture capital investors�� and .

The new capital, per Fortune, .

Speed

ThoughtSpot has raised money more quickly as it scaled. According to 做厙勛圖, the firm raised its Series A in Q2 2012. Then, eight quarters later in Q2 2014, it raised its Series B. Next, after the same interval, it raised its Series C in Q2 2016. Five quarters later, the firm raised its Series C. Now its Series D comes just three quarters after its Series C.

Its expanding capital base, and pace at which ThoughtSpot has raised, implies rapid growth on the company���s side.��So what do we know about its recent performance? Not as much as I’d like, but we do have a revenue fact that the company ��and repeated in its materials for its new capital raise:

“ThoughtSpot grew revenue by 180 percent in the fourth quarter, as enterprises invested heavily in the company���s search & AI-driven analytics platform. In their first purchase, more than 80 percent of customers invested six-figures, with several customers expanding to million dollar plus investments.”

I’ve emailed the firm asking if the 180 percent figure is a year-over-year figure (comparing its most recent FQ4 to the year-ago period) or a sequential result (comparing its most recent FQ4 to its most recent FQ3). When we hear back, we’ll update. Update: The figure is a year-over-year result.

Even if the figure is a year-over-year growth pace, that’s good��progress for a firm that has been around for over a half-decade.

Another day, another $100 million round. It seems that even with an increased IPO cadence in 2018, tech is still adding more backlog to the liquidity logjam than it is loosening.

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