Funding round
ThoughtSpot Series B
ThoughtSpot, which works in AI-Driven analytics platform development in Mountain View, raised $30M in a Series B round announced on 18 Jun 2014, led by Khosla Ventures. 2 firms took part, 2 of them already investors. It is ThoughtSpot's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
ThoughtSpot did not disclose a valuation in this round. It is ThoughtSpot's first venture round on record, 2 years after it was founded in 2012. It is 3.4% of the $881M ThoughtSpot has raised in the venture rounds on record. ThoughtSpot raised again 23 months later: a Series C round of $50M in May 2016. Its next priced round, a Series E in Aug 2019, valued it at $1.95B.
ThoughtSpot's funding rounds
ThoughtSpot has 7 venture rounds on record. This one is highlighted.
- Series B this round 18 Jun 2014, led by Khosla Ventures $30M
- Series C 19 May 2016, led by General Catalyst $50M
- Growth 17 Aug 2017, led by Lightspeed Venture Partners $60M
- Series D 8 May 2018, led by Lightspeed Venture Partners $145M
- Series E 28 Aug 2019, led by Silver Lake $248M$1.95B post-money
- Series F 15 Nov 2021, led by March Capital $100M$4.20B post-money
- Series G 13 Oct 2025, led by Lightspeed and Khosla Ventures $248M$4.20B post-money
Investors
Who put money in
Khosla Ventures led the round with 1 other firm. Khosla Ventures and Lightspeed Venture Partners had backed ThoughtSpot before.
Lead investor
- Khosla Ventures backs 396 venture-backed companies existing investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Joined the board: Keith Rabois (Khosla Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
182 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 2.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 30 Jun 2014 | $33M | not disclosed | New Enterprise Associates |
| Tech Companies | 18 Jun 2014 | $25M | $166M | not named |
| Clari Tech Companies | 17 Jun 2014 | $20M | not disclosed | Bain Capital Ventures |
| Tech Companies | 4 Jun 2014 | $20M | not disclosed | IDG Capital |
| Tech Companies | 5 Jun 2014 | $12M | not disclosed | Accel |
| Tech Companies | 20 Jun 2014 | $12M | not disclosed | Marker L.L.C. |
| Tech Companies | 12 Jun 2014 | $9.2M | not disclosed | Khosla Ventures and Battery Ventures |
| Tech Companies | 2 Jun 2014 | $7.3M | not disclosed | Hi Inov |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did ThoughtSpot raise in its Series B round?
ThoughtSpot raised $30M in its Series B round, announced in Jun 2014.
Who led ThoughtSpot's Series B round?
Khosla Ventures led it, with Lightspeed Venture Partners.
What was ThoughtSpot's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
182 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 2.5 times the median.
Did ThoughtSpot raise again after this round?
Yes: a Series C round in May 2016 of $50M.