Artificial intelligence (AI)-driven data analytics firm ThoughtSpot has announced plans to invest $25 million in its engineering centre in Bengaluru.
The funds will be used for innovations involving the company’s search and AI-driven analytics platform, and to continue recruitment from top Indian universities. ThoughtSpot will also begin business operations in India.
With the new funding, ThoughtSpot will be able to expand its rapidly growing AI engineering centre in Bengaluru.
Furthermore, ThoughtSpot will leverage the new funding to hire fully-formed product teams.