Thursday, Mar 28 2024 | Time 19:35 Hrs(IST)
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Business Economy


ThoughtSpot to invest $150M in India

Hyderabad, Sep 13 (UNI) ThoughtSpot, the Modern Analytics Cloud company, on Tuesday announced plans to invest $150 million across its operations in India over the next five years.
The cloud company also announced the opening of a new office in Trivandrum, the third R&D center in India.
The new investment will fuel continued product innovation for the Modern Analytics Cloud, empowering every company to build their business on data, the IT company said.
On the heels of a third office opening in Trivandrum, ThoughtSpot plans to significantly expand investment over the next five years to bolster product capabilities and partner integrations to help every company dominate the decade of data.
In the last year, the company’s annual recurring revenue from its cloud offerings grew by 102 per cent and the R&D teams in India, composed of fully integrated teams that span engineering to design to operations, have been instrumental in delivering this growth.
“The unmatched innovation and product capabilities that the team in India is designing and delivering continue to set new industry limits and amaze our customers around the globe, from growth stage companies to the Fortune 5,” said Ajeet Singh, co-founder and Executive Chairman, ThoughtSpot.
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