ThoughtSpot Announces $25M Investment in India To Boost AI And ML

- Advertisement -

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.

Artificial intelligence and machine learning are transforming every business, in every industry, across the globe. Today, ThoughtSpot announced plans to invest $25M in its engineering center in Bangalore, India.

- Advertisement -

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.

Creating the future of AI in India
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.

Bringing ThoughtSpot to Indian enterprises
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.

“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.”

Thoughts from the top
“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,” said Sudheesh Nair. “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.”

“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 vice president and head of India Engineering. “We’re looking for the best and brightest minds in a 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.”

“I’m incredibly excited by today’s news. Not only will the investment help ThoughtSpot bring innovations to our customers more quickly than ever before, but for the first time, we’ll have a dedicated business team to bring search and AI-driven analytics to enterprises throughout India,” said Sunil Mahale, ThoughtSpot vice president of APJ. “Enterprises who want to compete on a global stage require a better way to arm their entire organization with insights to transform how they operate. With a dedicated local team in place and a growing ecosystem of partners and SIs, we’re primed and ready to help them with this transformation.”

- Advertisement -

Most Popular Articles

Vedanta Display Glass Investment

Vedanta Group To Boost Display Glass Manufacturing With $500Mn Investment

0
Vedanta’s investment in its subsidiary, AvanStrate Inc research and development, manufacturing capabilities, and product offerings to meet the increasing global demand. India's global mining firm...
Tata

Singapore Chosen As Tata’s Partner For Semiconductor Projects

0
As ties between the two countries strengthen across sectors, Tata Sons chooses Singapore as a key partner for semiconductor ventures, with major investments planned...

Trump’s Tariffs Could Double Apple’s India iPhone Production

0
On Trump's proposal of heavy tariffs on China, Apple’s iPhone production in India could soar to $30 billion annually, creating 200,000 jobs and boosting...

Taiwan Eyes US Arms Deals After Trump’s Semiconductor Remarks

0
After Trump’s comments on Taiwan taking away semiconductor business from US, Taiwan may soon lock in major arms deals to address his "protection" money...

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Learn From Leaders

Startups