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ThoughtSpot Receives Prestigious Accreditation from IMDA

Companies accredited based on ability to accelerate Singapore’s technology market through technical, financial, and operational excellence

SINGAPORE, Singapore — October 2, 2019 — ThoughtSpot, a leader in search and AI-driven analytics, today announced that it has been accredited by Singapore’s Infocomm Media Development Authority (IMDA), based on the company’s unique ability to help enterprises transform how they leverage data, make decisions, and operate their businesses.

The [email protected] Digital ([email protected]) programme was launched in 2014 to accelerate the growth of tech companies with a presence in Singapore. The programme aims to help these companies win contracts with government agencies and large enterprises throughout Singapore. More than 47 organizations have been accredited, while creating more than S$429M in project pipeline for these companies.

ThoughtSpot has successfully met the stringent criteria of the [email protected] evaluation process. Companies considered for the programme are evaluated from a technical, financial and operational perspective. The accreditation period lasts for 18 months, after which companies will need to undergo a renewal process that re-evaluates the business based on the same criteria.

“Government agencies and businesses in Singapore and throughout Asia are experiencing unprecedented change as cloud, IoT, and mobile technologies go mainstream. While this systemic transformation presents challenges, its simultaneously creating incredible new opportunities for these groups if they can capitalize on them,” said Sunil Mahale, ThoughtSpot VP of APJ. “Today’s accreditation from IMDA demonstrates ThoughtSpot’s ability to help organizations in the public and private sectors not only navigate this disruption, but thrive in the modern world.”

“We welcome ThoughtSpot on board our [email protected] Digital programme. As businesses in every industry look to transform how they use data, ThoughtSpot’s search and AI-driven analytics platform gives local Government and enterprises  the ability to equip anyone in their organisation with the ability to find insights and make decisions,” said Mr Edwin Low, Director of Enterprise Growth Acceleration, Infocomm Media Development Authority of Singapore. “With the pace of business exponentially increasing, we’re happy to work with organisations like ThoughtSpot that empower businesses with the agility they need to compete in today’s business climate.”

On the Heels of Explosive Growth

Being newly accredited comes after a period of substantial growth around the world for ThoughtSpot, including:

  • New Funding. ThoughtSpot recently announced $248M in new funding, bringing total valuation to $1.95B as the company’s run-rate approaches $100M, fueled by global demand for the company’s search & AI-driven analytics platform.

  • Market Recognition. ThoughtSpot was recently named one of the 100 most important cloud companies in the world by Forbes, one of the 50 top startups by LinkedIn, the first new leader in six years in the Gartner Magic Quadrant for Analytics & BI Platforms, and a technology pioneer by the World Economic Forum.

  • Global Expansion. With enterprise demand for search & AI-driven analytics around the world, ThoughtSpot has expanded its footprint, launching new offices in Germany, the Nordics, France, Singapore, Japan, and Australia, while growing employee headcount in all other locations.

About ThoughtSpot

The world’s most innovative enterprises use ThoughtSpot to empower every person in their organization, from C-suite executive to front-line employee, with the ability to quickly uncover data-driven insights. With ThoughtSpot, business people can type a simple Google-like search in natural language 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 7-11, BT, Celebrity Cruises, Daimler, De Beers, Hulu, Miami Children’s Health System, Nationwide Building Society, and Scotiabank have turned to ThoughtSpot to transform their decision-making cultures and analyst firm Gartner named ThoughtSpot a Leader in the 2019 Magic Quadrant. 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.

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