SUNNYVALE, Calif. (Nov. 19, 2020) – ThoughtSpot, the leader in search & AI-driven analytics, was recognized as one of the 25 Highest Rated Private Cloud Computing Companies To Work For in a list released by Battery Ventures, a global investment firm and cloud investor, with data specifically provided by Glassdoor*, the worldwide leader on insights about jobs and companies. The list highlights 25 privately held companies—all business-to-business, cloud-computing companies--where employees reported the highest levels of satisfaction at work during the first six months of the pandemic, according to employee feedback shared on Glassdoor.
The distinction placed ThoughtSpot at number 15 (out of 25 total) with an overall company rating of 4.5. The broader average across Glassdoor is 3.5. ThoughtSpot’s senior-leadership rating was 4.3 compared to the Glassdoor average of 3.2, while its positive business-outlook rating—indicating the percentage of employees who believe their employer’s business will get better in the next six months—was 78%. That compared to an average across Glassdoor of 51%.
This is the fourth year Battery has issued a version of its highest-rated cloud companies list, along with a related ranking of the 25 Highest Rated Public Cloud Computing Companies to Work For. The rankings—which this year hinged on how companies are handling issues like remote workforces and the broader economic downturn--highlight the global trend of businesses increasingly turning to the cloud to run critical technology systems and software, instead of using on-premise systems.
They also highlight the potential links between positive company culture and overall corporate performance and growth, according to Neeraj Agrawal, a Battery general partner who specializes in cloud investing. This year, 10 of the top 25 private companies announced financing rounds during the pandemic worth more than $1.9 billion combined, according to Crunchbase.
“Cloud CEOs have had to stay unbelievably focused, resilient and nimble over the last eight months, working in conditions they likely never expected,” Agrawal said. “The best CEOs are listening to employees and making tough decisions that will continue to move their companies forward. We’re heartened that so many of these B2B companies are surviving and even thriving during Covid, as they’re providing technologies to serve the new, pandemic workforce, as well as solutions that are digitizing customer businesses faster than ever. Every company that made the list this year should view it as an honor to be included.” A Glassdoor economic research study, as well as other third party studies, show that companies with high employee satisfaction often post stronger financial performance.
“Since day one, ThoughtSpot has been built on our unique culture of selfless excellence. It’s a culture where every employee strives to be world class in everything they do, not for themselves, but to help their peers, customers, and the world around us. During the pandemic, this culture was put to the test like never before. From the launch of ThoughtSpot Cloud to our upcoming customer conference Beyond, I couldn’t be more proud of what the team has been able to accomplish,” said Sudheesh Nair, CEO, ThoughtSpot. “We have an audacious, important mission to make the world a more fact-driven place, and the right team to deliver. There’s more work needed, though. We’re only 2% done in helping our customers and the broader community make this goal a reality.”
Glassdoor noted that employees at these highly rated companies commonly mention in online reviews that they enjoy working for mission-driven companies with strong and unique company cultures; employers that promote transparency; and companies with experienced senior leaders who regularly and clearly communicate with employees. For instance, according to one anonymous employee review of ThoughtSpot on Glassdoor:
“The experience [at ThoughtSpot] so far has been nothing short of incredible, and I could not be happier to be a part of this company. The company and leadership is hyper-focused on building long-term customer relationships, and the center of this is delivering valuable, ROI-producing solutions for clients. This creates a high energy environment of transparency & feedback. The product is disruptive, intuitive, and works as quickly and easily as Google, which is why the customer use cases are vast and impactful. The role is extremely autonomous (I work remote) and leadership gives you the trust to get the job done in your own way, while leveraging the vast resources the company provides for learning. Each employee I've met is the best in class, and all have been eager to help me in any way they can. Also, there are extremely strong internal processes, which have allowed the company to scale as quickly and successfully as they have. It has also made the onboarding process seamless. And lastly, this post wouldn't be complete without acknowledging how impressed I've been with the company's leadership. They drive a culture of selfless excellence from top down.” (Source)
Full lists of the highest-rated 25 private cloud companies and 25 public cloud companies to work for can be found here.
The world’s most innovative enterprises use ThoughtSpot to empower every person in their organization, from C-suite executive to frontline employee, with the ability to quickly uncover data-driven insights. With ThoughtSpot, business people can type a simple search to instantly analyze billions of rows of data, and leverage artificial intelligence to get trusted, relevant insights pushed to them as answers to thousands of questions they might not have thought to ask. ThoughtSpot is simple enough for any business person to use, yet powerful enough to handle even the largest, most complex enterprise data without sacrificing speed, security, or governance. That’s why customers like Walmart, BT, Siemens, Daimler, Exxon, Hulu, Royal Bank of Canada, Bank of the West, and Nationwide Building Society have turned to ThoughtSpot to transform their decision-making cultures. By making insights a part of every conversation and every decision, ThoughtSpot is reimagining the role of data in creating a more fact-driven world. For more information, please visit www.thoughtspot.com.
About Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.
*By a company name, denotes a Battery investment. For a full list of all Battery investments and exits, please click here.