ThoughtSpot to invest $25 mn in India centre
ThoughtSpot, a U.S.-based company that is into artificial intelligence (AI) and helps organisations empower their employees with the ability to quickly uncover data-driven insights through a Google-like search, has announced plans to invest $25 million at its engineering centre in Bengaluru to hire talent and support its global business. 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, the company said.
With the new funding, ThoughtSpot would be able to expand its engineering centre in India to work on the company’s industry- leading analytics and AI platform.
In a few months, the company would have over 100 people working in India. These teams would directly collaborate with R&D centres in Sunnyvale and Seattle as part of ThoughtSpot’s globally distributed engineering team.
“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. We have come where talent is,” said Sudheesh Nair, CEO, ThoughtSpot.
“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,” he said.
The firm has also announced a tie up with Tata Consultancy Services to make its offerings available to the latter’s clients.
“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 and insights, TCS.
“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,” he said.
The company has also announced that Sunil Mahale will head its Asia Pacific Japan (APJ) region as vice-president.