Snowflake Backs ThoughtSpot
won a new investment from Snowflake Ventures, the ventures arm of
Snowflake. This investment reflects the continued partnership and
success joint customers are able to achieve with Thoughtspot’s AI-driven
analytics platform powered by Snowflake’s Data Cloud.
Organizations around the globe have rapidly adopted the Data Cloud in
combination with search and AI-driven analytics to move beyond
traditional static dashboards and improve how they leverage data. With
Snowflake and ThoughtSpot, companies are able to empower every employee
with granular insights that create bespoke, personalized experiences.
Joint customers like Hulu, Capital One, Medtronic, Canadian Tire, and
Nationwide Building Society are already experiencing the benefits of
this new modern data stack, built on the cloud and made accessible
through search and AI.
Joint customers will benefit from:
Accelerated product innovation. ThoughtSpot’s search and AI-driven
analytics platform will continue to integrate and leverage the latest
Snowflake platform features that enable joint customers to further
democratize the use of data and unlock meaningful business insights.
Increased ROI from cloud migrations. With ThoughtSpot and Snowflake,
companies can quickly get their data into the cloud, identify and move
analytics use cases into production, and scale these to any employee in
Continued joint go to market. ThoughtSpot and Snowflake will work
together to help companies experience the combination of their solutions
through jointly held virtual events, workshops, and a free trial of
“ThoughtSpot and Snowflake share a common vision of empowering
organizations to unlock the power of their data and mobilize it in
service of the enterprise,” Snowflake SVP of Product, Christian
Kleinerman said. “This investment showcases our continued partnership
with ThoughtSpot and commitment to helping our customers get better and
faster insights while leveraging the power of the Snowflake Data Cloud.
all racing to capture as much data as possible, but the reality is, data
is useless unless we can quickly unearth insights and use them to create
personalized experiences for customers. Doing so requires a completely
new, modern approach. Snowflake is the creator of the Data Cloud ,
changing the entire industry in the same way Oracle did in the 90s and
Salesforce did in the early 2000s,” said Sudheesh Nair, CEO, ThoughtSpot.
“Customers who embrace this new world will differentiate themselves on
both the quality and agility they deliver to customers. Doing so,
however, requires a new kind of analytics that brings the power of the
Data Cloud to everyone through the ease of a simple, yet powerful
analytics platform. We couldn’t be more excited to join the Data Cloud
“Our long-term mission to build a more fact-driven world means helping
every person turn data into insights. As that data increasingly moves to
the cloud, our growing partnership with Snowflake will help advance that
mission to put insights from across the Data Cloud into the hands of
every employee with search and AI,” said Ajeet Singh, Co-founder &
Executive Chairman, ThoughtSpot. “We know it won’t be easy, but with
partners like Snowflake, I know we’re up to the task together.”