Startup ThoughtSpot Raises $248 Million at $1.95 Billion Value

ThoughtSpot Inc., a Silicon Valley analytics startup, raised $248 million at a valuation of almost $2 billion, underscoring the fast-rising demand for new ways to analyze digital data.

The Sunnyvale, Calif.-based company, founded seven years ago by three engineers of Indian origin, raised the money from investors including Lightspeed Venture Partners, Silver Lake Waterman, and Sapphire Ventures. The funding will help expand sales teams in its primary market, North America, as well as Europe and Asia Pacific, and expand its research efforts, the company said in a statement.