Thoughtspot, the business analytics startup with a founding team comprised of ex-Nutanix, Google and Yahoo folks, has raised $30 million in a Series B round, bringing the company’s total to $40.7 million. The company is targeting the business intelligence market to provide a “Google-like experience” in regards to database analytics and will use the money to build out its sales and marketing staff.
Thoughtspot offers a hardware appliance that comes loaded with software that can connect to a company’s existing data infrastructure — as well as services like Hadoop — from which it can provide users with search capabilities that will supposedly save the time it takes for employees to gather the data they want, said Thoughtspot co-founder and CEO Ajeet Singh.
The key to Thoughtspot’s product resides in a homegrown in-memory database and a company-built search engine designed to do computations and search for numbers instead of documents.
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