Sapphire & ThoughtSpot: Partners in Democratizing Data for Everyone
When ThoughtSpot first launched in 2012, the analytics market was by no means nascent. And since then, it has only continued to grow. IDC reported that worldwide revenues for big data and business analytics solutions were forecasted to reach $189.1 billion in 2019, with double digit growth expected in the coming years. But the last big company to arrive on the scene was Tableau in 2001, which was acquired by Salesforce in 2019 for $16 billion.
At the time, there was no BI or analytics platform on the market that could easily empower billions of knowledge workers to find their own data-driven insights whenever and wherever they made decisions. Existing products were too complicated for frontline workers who often don’t have a data background or programming experience to operate analytics tools, but need to access and act on data fast.
Now a few years later, ThoughtSpot has helped transform how anyone across any company can access data. ThoughtSpot pairs search with AI to make it easy for anyone to uncover their own insights and build interactive data stories. The platform is designed to deliver a lightning-fast, consumer-grade experience across billions of rows of data. Think Google, but for numbers.
We’ve always believed that what ThoughtSpot was building is revolutionary, so in 2018, we invested in ThoughtSpot’s Series D funding round. In 2019, we reaffirmed our commitment to the company by participating in ThoughtSpot’s Series E. Over the last few years, we’re had the privilege of partnering with CEO Sudheesh Nair and his team many times over. From helping to recruit key roles, to facilitating valuable business introductions and advocating for ThoughtSpot through our marketing and communications efforts, we’re excited to be on this journey together. So much so that we’ve pulled together a case study to capture our story to-date.
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