ThoughtSpot raises $100 million

Data analytics platform ThoughtSpot has raised $100 million of Series F venture funding led by a $45 million contribution from new investor March Capital with participation from existing investors including Lightspeed, General Catalyst and Khosla Ventures. The latest round more than doubled the company’s valuation to $4.2 billion from $1.95 billion the start-up was valued after its $248 million Series E round in August 2020.

Founded in 2012, ThoughtSpot raised $677 million to date and is reportedly on track to exceed $100 million in annual recurring revenue.