Analytics startup ThoughtSpot raised $145 million in new funding as data-driven decision-making becomes standard across the enterprise. Investors include Lightspeed Ventures, Sapphire Ventures, Khosla Ventures, the Australian Government Future Fund and General Catalyst. ThoughtSpot, co-founded in 2012 by Nutanix co-founder Ajeet Singh, provides an analytics platform that uses artificial intelligence to analyze enterprise data. Platforms that slice and dice corporate data are not new, but demand for high-powered, easy-to-use analytics platforms has risen as the need for data analytics skills grows outside the IT department. ThoughtSpot plans to use the funding to build out its platform, expand in the Europe and Asia-Pacific regions, and grow its R&D centers.

Source: Wall Street Journal May 08, 2018 19:30 UTC