It’s a big day at ThoughtSpot! We’ve just expanded our Series C funding round with a new investment from Hewlett Packard Pathfinder. With this investment we enter the Hewlett Packard Pathfinder program, joining other startups within the program like Mesosphere, Hortonworks, Keen IO, and Chef.
For those of you who don’t know, Pathfinder is a relatively new venture investment program started by Hewlett Packard, designed to identify startups with a lot of potential, connect them with forward-looking enterprise customers, and elevate their solutions to scale. For us, this creates an exciting opportunity to accelerate the adoption of our Relational Search technology within the Fortune 500 customers of Hewlett Packard Enterprise (HPE). And through our strategic partnership, HPE will co-sell a joint solution of ThoughtSpot’s Relational Search software running on HPE infrastructure.
Lak Ananth, Managing Director of Hewlett Packard Pathfinder summed up the partnership like this:
“ThoughtSpot has taken a radical new approach to solving the challenge facing the Business Intelligence industry. After seeing the significant impact they are having at Fortune 500 customers, it was an easy decision for us to join forces. We couldn’t be more excited to partner with the ThoughtSpot team and bring their search-driven analytics technology to HPE’s enterprise customers.”
Meanwhile, our CEO and co-founder, Ajeet Singh is thrilled about the new opportunity created by the investment and partnership:
"We're thrilled to be partnering with HPE. The business intelligence market is ripe for a 100-1000x leap forward in the speed of data access. Hewlett Packard Pathfinder is connecting us with innovative technology leaders who are rapidly embracing our new breed of Relational Search technology. The days of waiting days for data experts to build reports and dashboards are over.”
This has been quite a year for us at ThoughtSpot. In the spring we were named by Gartner as a Cool Vendor in Analytics. And in September we opened our new offices in Seattle, Washington, allowing us to hire new engineering talent beyond the Bay Area. This new investment from Hewlett Packard Pathfinder will allow us to continue to grow and advance our technology.
Our mission at ThoughtSpot is to disrupt the BI industry with search-driven analytics for the enterprise. And in a recent interview with CNBC Tech, Ajeet explained how we’re doing that. “[We’re] bringing Google-like technology to traditional businesses like GE that want to become digital, that want to transform themselves, but don’t have the engineering talent themselves to be able to do it. We are building similar technologies for them and allowing them to do things that are not otherwise possible.”
Being a part of the Pathfinder Program will help us drive that mission forward in new ways—we’re excited, and can’t wait to see where it will take us next.