Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Samsung
Google
Space News
OnePlus
Latest Tablets
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Technology News / ThoughtSpot gets $60 million more for its AI technology
Technology

ThoughtSpot gets $60 million more for its AI technology

ThoughtSpot gets $60 million more for its AI technology
Written by Anish Chakraborty
Aug 19, 2017, 06:50 am 2 min read
ThoughtSpot gets $60 million more for its AI technology

Silicon Valley based ThoughtSpot said that it has received another $60 million investment, as an extension of the previous $60 million financing round, led by venture capital firm Lightspeed Venture Partners, making it a $120 million funding round at its end. This will be used to develop its new AI engine, which is capable of saving 40,000 man hours of work, says the firm.

Funding
What's it all about?

ThoughtSpot creates data analytics software for businesses. When the user types in a question into its Google-like search tool, the software churns out charts, graphs, and maps, providing the required data, such as sales numbers and customer demographics. Incidentally, this funding for the firm comes at the same time when its new artificial intelligence offing is making its debut.

AI
What does the new AI do?

The new SpotIQ AI technology makes the computer run queries out of its own accord while trying to guess the user's need, based on his/her profile and certain search terms. Dozens of analyzed data sets get produced by its search within seconds. ThoughtSpot's CEO, Ajeet Singh said that this technology gives businesses answers to the questions that they don't know how to ask.

Work
Saving a lot of man hours

Singh said, making use of this software is like having a thousand analysts at your disposal, only it's much faster and more efficient. According to Singh, SpotIQ would save a business about 40,000 man hours of work. Currently, the firm's clientele includes retailers, such as Bath & Beyond, and financial companies, such as Capital One.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Anish Chakraborty
Anish Chakraborty
Mail
“Do not go gentle into that good night” Calcutta University, drinks coffee, owns a fountain pen, knows how to write about things lucidly.
Latest
Startups
Technology
Lightspeed Venture Partners
Artificial Intelligence and Machine Learning
Latest
Amazon Prime Video bags streaming rights of Fahadh Faasil's 'Malayankunju'
Amazon Prime Video bags streaming rights of Fahadh Faasil's 'Malayankunju' Entertainment
CWG, men's hockey: India lose to Australia, win silver medal
CWG, men's hockey: India lose to Australia, win silver medal Sports
5 types of popcorn you can make at home
5 types of popcorn you can make at home Lifestyle
Commonwealth Games, badminton: Indian win gold in men's doubles event
Commonwealth Games, badminton: Indian win gold in men's doubles event Sports
All you need to know about Hypercholesterolemia
All you need to know about Hypercholesterolemia Lifestyle
Startups
Airlift, Pakistan's most-valued start-up, to cease operation as funding dries
Airlift, Pakistan's most-valued start-up, to cease operation as funding dries Business
Indian start-ups that are hiring despite layoff season
Indian start-ups that are hiring despite layoff season Business
Which IITs, IIMs have churned out most Indian unicorn founders?
Which IITs, IIMs have churned out most Indian unicorn founders? Career
Physics Wallah raises $100 million; becomes India's 101st unicorn
Physics Wallah raises $100 million; becomes India's 101st unicorn Business
Bengaluru-based Wakefit announces 30-minute 'Right to Nap' for employees
Bengaluru-based Wakefit announces 30-minute 'Right to Nap' for employees Business
More News
Technology
OxygenOS 13, based on Android 13, announced: Check features, compatibility
OxygenOS 13, based on Android 13, announced: Check features, compatibility Technology
Best smartphones for content creators, designers, photographers, and game streamers
Best smartphones for content creators, designers, photographers, and game streamers Technology
Digital minimalism 101: Get a focused life with digital declutter
Digital minimalism 101: Get a focused life with digital declutter Lifestyle
Best tablets in India under Rs. 40,000
Best tablets in India under Rs. 40,000 Technology
#DealOfTheDay: This robotic vacuum cleaner is cheaper by Rs. 45,000
#DealOfTheDay: This robotic vacuum cleaner is cheaper by Rs. 45,000 Technology
More News
Lightspeed Venture Partners
Pay back time: OYO is making its early-stage investors rich
Pay back time: OYO is making its early-stage investors rich Business
Bus aggregator start-up Shuttl raises $18 million in funding
Bus aggregator start-up Shuttl raises $18 million in funding Business
OYO raising $1.5 billion from founder Ritesh Agarwal, SoftBank, others
OYO raising $1.5 billion from founder Ritesh Agarwal, SoftBank, others Business
Bengaluru-based Udaan raises $585 million in Series D funding
Bengaluru-based Udaan raises $585 million in Series D funding Business
OYO Rooms raises $1bn, enters unicorn club
OYO Rooms raises $1bn, enters unicorn club Business
More News
Artificial Intelligence and Machine Learning
Google-owned DeepMind AI reveals 3D structures of 'entire protein universe'
Google-owned DeepMind AI reveals 3D structures of 'entire protein universe' Technology
Google fires engineer who said company's LaMDA AI is sentient
Google fires engineer who said company's LaMDA AI is sentient Technology
Russia: Chess robot goes rogue, breaks 7-year-old child's finger mid-play
Russia: Chess robot goes rogue, breaks 7-year-old child's finger mid-play World
iCub, a child-sized humanoid, tricks people with its 'self-awareness'
iCub, a child-sized humanoid, tricks people with its 'self-awareness' Technology
Instagram will use AI to confirm your age: Here's how
Instagram will use AI to confirm your age: Here's how Technology
More News
Next News Article
Next News Article

Love Technology news?

Subscribe to stay updated.

Science Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022