Investing $10 million in R&D in India to Accelerate Cloud Development. Appoints Google Veteran as Head of Engineering in India
ThoughtSpot, the leader in search-driven analytics in the enterprise, today announced the expansion of its engineering operations with the opening of its India Engineering Center in Bangalore. The newly established research and development hub is ThoughtSpot’s first in the Asia Pacific region and third globally, complementing offices in Seattle, Washington and its Silicon Valley headquarters. To fuel the expansion, ThoughtSpot also announced plans to invest $10 million in R&D in the India Engineering Center to accelerate the development of search-driven analytics in the cloud and support ThoughtSpot’s commitment to providing world-class data and analytics service to today’s leading global enterprises.
ThoughtSpot’s next-generation analytics platform is built on a modern scale-out architecture that is designed from the ground up to leverage large-scale in-memory computing. This enables ThoughtSpot’s Relational Search engine to analyze billions of rows of data across multiple data sources, while delivering sub-second performance and enterprise-wide security. While ThoughtSpot has always provided customers the freedom to choose on-premise or cloud deployments, customers have been constrained by the limitations of in-memory cloud architectures until recently. ThoughtSpot’s India Engineering Center is chartered to take advantage of new advancements in compute power and in-memory cloud architectures to help large enterprise customers extend or migrate their on-premise deployments to the public cloud.
“With the advent of large-scale in-memory computing in the cloud, enterprises are now embracing the flexibility of extending analytic workloads to a hybrid cloud environment,” said Amit Prakash, chief technology officer and co-founder of ThoughtSpot. “Our new engineering hub in Bangalore will be front and center in developing the innovative capabilities required to support our customers as they embark on their analytics journey to the cloud.”
Leading the India Engineering Center as Head of Engineering is Puneet Agarwal. Agarwal brings over a decade of experience architecting and building large Web-scale, high-performance systems at Google for its Search and Ads businesses. Agarwal holds an MS in Computer Science from Stanford University and will be responsible for building out the engineering team and accelerating product development in India.
“We’re incredibly excited to have Puneet join us as Head of Engineering in India,” added Prakash. “Puneet brings both a technical experience in building large-scale search platforms at Google and a proven track record of recruiting and leading engineering teams in tackling the industry’s toughest technical challenges.”
“ThoughtSpot’s mission, to make data accessible at human scale, necessitates taking on some of the most unique and complex challenges in software,” said Puneet Agarwal, Head of Engineering in India for ThoughtSpot. “Bangalore is a hotbed for top engineering talent and we invite engineers to come join the ThoughtSpot team in shaping and building the most innovative and differentiated search-driven analytics solution in the market.”
Recently ranked #1 in Forbes list of The Best Data Companies and CEOs to Work For, ThoughtSpot is actively hiring in Bangalore, India. Interested candidates can apply to open positions directly from ThoughtSpot’s career page.
ThoughtSpot is coming off a banner year in 2016. Key business milestones achieved include:
- 270% growth in customer base, with 28% of customers coming from Fortune 500.
- Increased customer adoption with over 3 million total ad hoc searches on the platform, saving an estimated 5 million hours of data analyst time and $250 million in labor costs.
- Expansion in partner program with notable new partnerships with HPE, Epson, and Peak Indicators.
- 40% of customers increasing their initial investment by 220%.
- Debut in the Gartner 2017 Magic Quadrant for BI & Analytics Platforms.
- Selection as a Red Herring Top 100 North America Winner.