SUNNYVALE, CA — April 22, 2021 — ThoughtSpot, the leader in search and AI-driven analytics, today announced that ThoughtSpot Cloud has been named a winner in the 2021 Product of the Year Awards, presented by Cloud Computing Magazine, a TMC brand. The annual product awards program highlights the most innovative, useful, and beneficial cloud services and solutions on the market.
ThoughtSpot Cloud is the first SaaS solution for search and AI-driven analytics that provides business users with the flexibility to access, search, and glean instant insights from data anywhere. Unlike legacy cloud-based business intelligence solutions, which are riddled with lag times and infrastructure restrictions, ThoughtSpot Cloud helps companies realize the true power of their data in the cloud. Companies can instantly connect to their cloud data warehouse of choice with minimum setup and configuration. Business users can then immediately begin analyzing and accessing all of this data through a simple, yet powerful search interface to unearth insights and improve decision making.
“The pandemic accelerated the shift to a digital economy around the globe. Companies needed a way to leverage all their investments in data and the cloud to navigate such unprecedented disruption,” said Sumeet Arora, Chief Development Officer, ThoughtSpot. “We developed ThoughtSpot Cloud in a matter of months to give our customers the ability to empower all employees, from frontline workers to C-suite executives, to easily access insights from their cloud data through a turnkey solution. We are proud to be recognized by Cloud Computing Magazine for the value we’re helping customers unlock from their cloud data.”
This recognition follows ThoughtSpot’s successful year delivering cloud solutions to the market, which has translated into growth on multiple fronts. In the 18 months since the launch of ThoughtSpot Cloud, cloud products now make up one-third of the company’s ARR, and annual contract value for cloud deals has grown 213% year-over-year. Additionally, ThoughtSpot recently received a strategic investment from Snowflake Ventures, the ventures arm of Snowflake, reflecting the strong partnership between ThoughtSpot’s cloud-based analytics platform and Snowflake’s Data Cloud, while forging new partnerships with Microsoft Azure and growing their relationship with Google BigQuery and other popular cloud platforms.
“Congratulations to ThoughtSpot for being honored with a Cloud Computing Product of the Year Award,” said Rich Tehrani, CEO, TMC. “ThoughtSpot Cloud is truly an innovative product and is amongst the best solutions available within the past twelve months that facilitates business-transforming cloud computing and communications. I look forward to continued excellence from ThoughtSpot in 2021 and beyond.”
ThoughtSpot is reinventing how companies make decisions by putting the power of their cloud data in the hands of every employee through search and AI-driven analytics. ThoughtSpot was built for the cloud era to deliver insights instantly at massive scale. With ThoughtSpot, anyone can use simple natural language to create new data-driven insights or surface those generated by others from across their entire enterprise. By leveraging AI, ThoughtSpot uncovers trends, anomalies, and patterns to answer questions users care about, but wouldn’t have thought to ask themselves. Customers can take advantage of ThoughtSpot as a SaaS offering through ThoughtSpot Cloud, connect and query cloud data warehouses directly with Embrace, and stay up to date on their business with the ThoughtSpot Mobile app. Organizations like Walmart, BT, Daimler, Medtronic, Hulu, Royal Bank of Canada, Bank of the West, Siemens, and Nationwide Building Society rely on ThoughtSpot to empower employees at every level and transform their organizations. By bringing data to decisions everywhere, ThoughtSpot is building a more fact-driven world. See for yourself and try ThoughtSpot today.
About Cloud Computing Magazine
Cloud Computing magazine is the industry's definitive source for all things cloud - from public, community, hybrid and private cloud to security and business continuity, and everything in between. This quarterly magazine published by TMC assesses the most important developments in cloud computing not only as they relate to IT, but to the business landscape as a whole.
For press inquiries, contact [email protected]