Funding round
ThoughtSpot Series E
ThoughtSpot, which works in AI-Driven analytics platform development in Mountain View, raised $248M in a Series E round announced on 28 Aug 2019, led by Silver Lake, at a $1.95B post-money valuation. 5 firms took part. It is ThoughtSpot's fifth venture round on record; the one before was a Series D in May 2018.
$248M
Amount raised
$1.95B
Post-money valuation
$1.70B pre-money
5
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ThoughtSpot at $1.95B after the new money. The $248M bought investors about 13% of the company. It came 15 months after ThoughtSpot's Series D. It is 28% of the $881M ThoughtSpot has raised in the venture rounds on record. ThoughtSpot raised again 27 months later: a Series F round of $100M in Nov 2021, at $4.20B post-money.
ThoughtSpot's funding rounds
ThoughtSpot has 7 venture rounds on record. This one is highlighted.
- Series B 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 this round 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
Silver Lake led the round with 4 other firms.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Also in the round
- Silver Lake Waterman new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
35 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $85M, and this round was 2.9 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Aug 2019 | $200M | not disclosed | SoftBank |
| DataRobot Tech Companies | 17 Sep 2019 | $206M | not disclosed | Sapphire Ventures |
| Icertis Tech Companies | 17 Jul 2019 | $115M | $1.00B | Greycroft and Premji Invest |
| Tech Companies | 12 Jun 2019 | $165M | $1.40B | Standard Chartered and MUFG Innovation Partners |
| Tech Companies | 17 Oct 2019 | $100M | $1.00B | Sapphire Ventures |
| Tech Companies | 10 Jun 2019 | $100M | not disclosed | Technology Crossover Ventures |
| Canva Tech Companies | 16 Oct 2019 | $85M | $3.20B | BOND |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ThoughtSpot raise in its Series E round?
ThoughtSpot raised $248M in its Series E round, announced in Aug 2019.
Who led ThoughtSpot's Series E round?
Silver Lake led it, with Silver Lake Waterman, Sapphire Ventures, Geodesic Capital and Lightspeed Venture Partners.
What was ThoughtSpot's valuation at the Series E round?
$1.95B post-money ($1.70B pre-money).
How does it compare with other Series E rounds in Tech Companies?
35 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $85M, and this round was 2.9 times the median.
Did ThoughtSpot raise again after this round?
Yes: a Series F round in Nov 2021 of $100M at $4.20B post-money.