ThoughtSpot, a US-based enterprise analytics software provider backed by financial services firm Capital One and enterprise technology producer Hewlett Packard Enterprise (HPE), raised $145m in series D funding yesterday.
The round included venture capital firms Sapphire Ventures, Lightspeed Ventures, Future Fund, Khosla Ventures and General Catalyst as well as other, unnamed investors. It valued the company at more than $1bn, CEO Ajeet Singh told Fortune.
Founded in 2012, ThoughtSpot has created an analytics platform that searches large quantities of enterprise data and relies on artificial intelligence to automatically surface relevant insights.
The series D cash will enable the company to strengthen the platform, accelerate global expansion plans that will take in Europe, the Middle East, Africa and the Asia-Pacific region, and grow its research and development facilities in the US and India.
ThoughtSpot last raised funding in a $120m series C round featuring HPE’s Hewlett Packard Pathfinder unit and Capital One Growth Ventures, the corporate venturing arm of Capital One, that closed in January 2017
General Catalyst, Lightspeed, Geodesic Capital and Khosla Ventures provided the initial $50m for the round in May 2016, before Pathfinder added funding five months later. Lightspeed then led a $60m extension featuring Capital One Growth Ventures and all ThoughtSpot’s existing backers.
Khosla had previously led the company’s $30m series B round in June 2014, with participation from Lightspeed, four months after the latter had led its $10.7m series A round.