|By Marketwired .||
|February 5, 2014 05:00 AM EST||
REDWOOD CITY, CA -- (Marketwired) -- 02/05/14 --
- Raised $10.7 million in an oversubscribed Series A round led by Lightspeed Venture Partners
- ThoughtSpot eliminates the need for traditional BI tools through ThoughtSpot Relational Search Engine combined with its enterprise-class ThoughtSpot In-memory Database
- Designed for mid-to-large enterprises, ThoughtSpot Data Search Appliance is now available under early access program
ThoughtSpot Inc., a revolutionary innovator in bringing search to business data, today announces the launch of its early access program for ThoughtSpot Data Search Appliance. ThoughtSpot now offers business users the ability to access and analyze terabytes of business data with a Google-like ease-of-use. The appliance eliminates the tremendous reporting pressure that is created on IT by data-hungry business users. In addition, it enables IT to manage data and infrastructure in a secure and centralized manner, eliminating proliferation of data copies on users' desktops.
Web Data Search -- Google; Social Data Search -- Facebook and LinkedIn; Business Data Search -- ?
Google has transformed the way the world searches for public data on the web. Facebook and LinkedIn have changed how we search through our social data. The business data world, however, is still stuck in the past, requiring constant time and attention from IT to create reports using Business Intelligence tools that were built ten to twenty years ago. ThoughtSpot is building disruptive technology from the ground-up to change the game in business data access, analysis and visualization. ThoughtSpot Data Search Appliance provides a consumer-class user experience with enterprise-class security, scalability, and manageability. Big vendors such as SAP and IBM have talked about BI products that provide a search-based experience to enterprise users but ThoughtSpot is delivering on this promise to reinvent how BI is done.
"We see a huge opportunity in the BI market for a product that can bring the power of search to business data. Here at ThoughtSpot, we have spent the past 18 months building an A+ team to create something that will genuinely be a game-changer in the world of BI," said the ThoughtSpot co-founders. "We are thrilled to open up early access to more customers today. The level of interest and excitement we've seen so far is a validation of our belief that enterprise customers want a Google-like interaction with their data and are tired of traditional, complicated BI tools."
Founders, Investors, and Advisors
The founding team at ThoughtSpot has a strong track record of building revolutionary companies and technologies. CEO & co-founder Ajeet Singh is a second-time entrepreneur, who previously co-founded Nutanix, one of the fastest-growing enterprise technology companies of the last decade that was valued at a billion dollars recently. CTO & co-founder Amit Prakash was a founding engineer of Microsoft's Bing team and then spent five years leading technical teams in Google's AdSense Analytics group. Other co-founders include technical leaders who have made significant contributions to technology such as Google's Search Index, Google's Project Borg, Google's Ads Database, Microsoft's SQL Server, and Oracle's BI-in-the-cloud.
ThoughtSpot has raised $10.7MM Series A from Lightspeed Venture Partners and angel investors Frank Slootman (President & CEO, ServiceNow; ex-CEO, Data Domain), Lane Bess (COO, ZScaler; ex-CEO, Palo Alto Networks), Steve Sommer (CMO, Splunk), and Sudheesh Nair (VP WW sales, Nutanix). ThoughtSpot is also advised by a team of data analytics experts from companies such as Facebook, Informatica, and Netezza/IBM.
"There is a huge opportunity to consumerize business data access by replacing BI tools from decades ago with an intuitive, web-search like experience," said Ravi Mhatre, partner at Lightspeed Venture Partners. "We are pleased and honored to support the ThoughtSpot founding team as they shake things up in this massive market." The ThoughtSpot board is comprised of Ajeet Singh, Amit Prakash, Ravi Mhatre, Arif Janmohamed (partner, Lightspeed Venture Partners), and Frank Slootman (board observer).
ThoughtSpot is aiming to fix the broken business intelligence model in the enterprise. ThoughtSpot Data Search Appliance is a plug-and-play solution that provides a search-based user experience for business data access and analysis. Based in Redwood City, CA, ThoughtSpot has raised $10.7M in Series A from Lightspeed Venture Partners and top-tier angel investors. The ThoughtSpot founding team has experience of building the fastest-growing enterprise tech company of the last decade, Nutanix, and also market-defining search and analytics technologies at companies such as Google, Amazon, Oracle, and Microsoft. For more information contact [email protected]. Follow us on Twitter at @thoughtspot.
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT transformation?
May. 26, 2015 12:00 AM EDT Reads: 4,141
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
May. 25, 2015 11:00 PM EDT Reads: 5,897
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up their respective DevOps microsites. Where are we on the hype cycle? It's hard to say for sure but there's a feeling we're heading for the "Peak of Inflated Expectations." What does this mean for the enterprise? Should they avoid DevOps? Definitely not. Should they be cautious though? Absolutely. The truth is that DevOps and the enterprise are at best strange bedfellows. The movement has its roots in t...
May. 25, 2015 10:00 PM EDT Reads: 6,191
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
May. 25, 2015 09:00 PM EDT Reads: 4,729
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 8th International Big Data Expo, co-located with 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing bo...
May. 25, 2015 08:45 PM EDT Reads: 1,346
Every day we read jaw-dropping stats on the explosion of data. We allocate significant resources to harness and better understand it. We build businesses around it. But we’ve only just begun. For big payoffs in Big Data, CIOs are turning to cognitive computing. Cognitive computing’s ability to securely extract insights, understand natural language, and get smarter each time it’s used is the next, logical step for Big Data.
May. 25, 2015 08:00 PM EDT Reads: 1,854
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
May. 25, 2015 07:00 PM EDT Reads: 1,506
Enterprises are fast realizing the importance of integrating SaaS/Cloud applications, API and on-premises data and processes, to unleash hidden value. This webinar explores how managers can use a Microservice-centric approach to aggressively tackle the unexpected new integration challenges posed by proliferation of cloud, mobile, social and big data projects. Industry analyst and SOA expert Jason Bloomberg will strip away the hype from microservices, and clearly identify their advantages and d...
May. 25, 2015 07:00 PM EDT Reads: 1,303
There's no doubt that the Internet of Things is driving the next wave of innovation. Google has spent billions over the past few months vacuuming up companies that specialize in smart appliances and machine learning. Already, Philips light bulbs, Audi automobiles, and Samsung washers and dryers can communicate with and be controlled from mobile devices. To take advantage of the opportunities the Internet of Things brings to your business, you'll want to start preparing now.
May. 25, 2015 07:00 PM EDT Reads: 5,685
In a world of ever-accelerating business cycles and fast-changing client expectations, the cloud increasingly serves as a growth engine and a path to new business models. Dynamic clouds enable businesses to continuously reinvent themselves, adapting their business processes, their service and software delivery and their operations to achieve speed-to-market and quick response to customer feedback. As the cloud evolves, the industry has multiple competing cloud technologies, offering on-premises ...
May. 25, 2015 06:00 PM EDT Reads: 3,939
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
May. 25, 2015 05:30 PM EDT Reads: 3,923
Over the years, a variety of methodologies have emerged in order to overcome the challenges related to project constraints. The successful use of each methodology seems highly context-dependent. However, communication seems to be the common denominator of the many challenges that project management methodologies intend to resolve. In this respect, Information and Communication Technologies (ICTs) can be viewed as powerful tools for managing projects. Few research papers have focused on the way...
May. 25, 2015 05:00 PM EDT Reads: 1,662
As the world moves from DevOps to NoOps, application deployment to the cloud ought to become a lot simpler. However, applications have been architected with a much tighter coupling than it needs to be which makes deployment in different environments and migration between them harder. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, Netflix and so on is at the heart of CloudFoundry – a complete developer-oriented Platform as a Service (PaaS...
May. 25, 2015 05:00 PM EDT Reads: 1,536
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
May. 25, 2015 05:00 PM EDT Reads: 1,818
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
May. 25, 2015 05:00 PM EDT Reads: 1,017