The 2019 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms has been published! We are absolutely thrilled that Gartner has named ThoughtSpot as a Leader.
What makes it extra special is that ThoughtSpot is the only new entrant to the Leaders quadrant since 2013. If you’re keeping track, it only took us 6 short years since our founding to make it here, making us one of the fastest companies to ever make it to the Leaders quadrant. It’s also just 3 years since we were named a Cool Vendor, 2 years since being named a niche player, and a year since being named a Visionary.
In this year’s report, Gartner evaluated more than 20 vendors based on completeness of vision and ability to execute across 15 criteria. By definition, leaders in the Magic Quadrant execute well against their current vision while simultaneously positioning themselves for tomorrow. We are extremely proud to be recognized as a Leader, which we view as a testament to our relentless product innovation, impressive growth and execution as a company, and most importantly, the value our customers get from our technology.
Our True North
In the face of unprecedented disruption, more businesses are looking for new ways to leverage data and analytics in the cloud to stay relevant and competitive. What’s clear from our customers - the only way to stay competitive is to make it possible for everyone in the organization, from executives in the C-suite to frontline employees, to find fast, relevant, data-driven business insights.
ThoughtSpot was started with a singular mission: create a fact-driven world by empowering every human to easily find answers to their data questions. Fast forward 6 years, and our pioneering search & AI-driven approach to analytics has not only brought insights close to the business, but freed data experts to focus their efforts on more sophisticated and strategic analyses for the business.
Make no mistake, making analytics accessible to everyone by providing a simple experience that can handle enterprises massive data scale and complexity is not an easy problem to solve. We’ve built a next-generation analytics platform specifically designed to handle the speed and scale requirements of today’s enterprises. With our business intelligence platform, built on our proprietary Falcon in-memory calculation engine, we will be able to bring even more revolutionary capabilities to market so our customers can unlock the true value of their data and transform their business.
A Year of Historic Growth
From new product capabilities and partnerships to new funding and new executives, we’ve been making strides on all fronts in 2018. We launched voice-driven analytics with SearchIQ, letting anyone ask questions using voice and casual, everyday language and get precise answers in an instant. We announced new partnerships with DataRobot to bring data science closer to the business and with Google Cloud Platform to bring multi cloud analytics to every organization. We brought in a new CEO, Sudheesh Nair, who took Nutanix from $0 to over $1B in annual revenue, and we deepened our executive bench with world-class leaders. And we raised $145M in new funding, bringing our total to over $300M.
In addition, what made the year extra special was Beyond 2018 - our very first customer conference. Hundreds of attendees from some of the most innovative organizations in the world, including 70 of the Fortune 500 and companies from the UK, Germany, and Australia convened in Washington, D.C. to learn, collaborate, and celebrate their achievements with their peers.
Our Customers Have Spoken
At ThoughtSpot, the only success that matters is our customers’ success. Our customers inspire us every day with the unique ways they use data and their vision of the future. All ThoughtSpotters work tirelessly to ensure our customers get the maximum value from all their analytics efforts and fulfill their strategic goals.
The results of our efforts are reflected on the Magic Quadrant. We believe our move to the Leaders quadrant was driven in part by high customer satisfaction. We thank our customers for partnering with us on their journey to the digital future, and for collaborating with us as ThoughtSpot evolves into an industry-leading solution.
So What’s Next?
While we’re thrilled with today’s achievement, we’re even more passionate about delivering real, transformative business value to each and every one of our customers. We’re pleased to have been recognized by Gartner as a leader in this space, but we know we’re no where close to being done. Staying on the leaderboard takes focus, hard work, and dedication. Being named a Leader this year motivates us to continue innovating and executing so we can ascend further to the top next year. We look forward to continuing to deliver the groundbreaking search and AI analytics capabilities, like self service analytics, more pervasive AI, and in-database analytics, to enterprises in every industry.
If you haven’t seen the report yet, download a complimentary copy here.
Gartner [Magic Quadrant for Analytics and Business Intelligence Platforms], [Cindi Howson, Rita Sallam, James Richardson, Austin Kronz], [11 February 2019]
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from ThoughtSpot Inc.
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