Market Overview

ThoughtSpot Names Sudheesh Nair New CEO


Nair Previously Led Nutanix as President growing revenue from $0 to
$1B in 7 years

Current CEO and Co-founder, Ajeet Singh assumes role of Executive
Chairman to focus on product and technology

the leader in search and AI-driven analytics for the enterprise, today
announced it has appointed Sudheesh Nair as its new CEO. Nair joins
ThoughtSpot from Nutanix, where he was the company's President. During
his tenure, he was responsible for leading the sales organization and
helped grow the company from $0 to over $1 billion in revenue and over
$9 billion in market capitalization. Nutanix is now the leader in
hyper-converged infrastructure, selling in over 100 countries and with
more than 4,000 global employees. Ajeet Singh, co-founder and CEO of
ThoughtSpot, will take on the full-time role of executive chairman and
lead the user experience, product, and engineering functions. Singh also
previously co-founded Nutanix.

This press release features multimedia. View the full release here:

Sudheesh Nair, ThoughtSpot CEO (Photo: Business Wire)

Sudheesh Nair, ThoughtSpot CEO (Photo: Business Wire)

"I am thrilled to partner with Sudheesh again as he joins us today as
CEO. He's an incredibly talented executive with a proven track record of
growing a disruptive technology company from zero to over a billion
dollars in revenue. Leading a company through that type of growth in
such a short period of time is a feat very few people on this planet
achieve," said Singh. "Sudheesh's unbelievable energy, drive, and
passion for rapidly growing and scaling businesses will be huge assets
as we take ThoughtSpot to the next level. I am excited to be
transitioning into an Executive Chairman role leading our technology and
product teams. Having worked closely with Sudheesh before, there's no
one I have more confidence in to scale the company through this next
phase of massive growth."

"Over the last many years, BI has become known for visualizing complex
data. But in a world where customers want faster business insights,
simply visualizing complex data isn't enough. Today's companies need to
get rapid value out of the unprecedented volume and variety of data they
are collecting from SaaS, hybrid cloud, and IoT data sources. The world
needs ThoughtSpot, a company built architecturally from the ground-up to
deliver Augmented Analytics and insights at the speed of thought, using
modern technologies like search, machine learning, and massively
scalable compute power," said Nair. "I'm excited to partner with Ajeet
and the ThoughtSpot team to grow the company and build ThoughtSpot into
a global leader."

Nair joins ThoughtSpot following the company's $145
million Series D
funding and record
breaking year
winning notable market accolades, including being
named a Visionary
in the Gartner Magic Quadrant for Analytics & Business Intelligence, the #1
Best Big Data Company & CEO to Work for
by Glassdoor, and a Top
Company: Startup
by LinkedIn. Hundreds of global enterprises,
including three of the Fortune 5, thirteen of the Fortune 100, and many
other innovative brands such as Amway, Bed Bath & Beyond, Capital One,
Celebrity Cruises, Chevron, Haggar Clothing Co., Miami Children's
Hospital, OpenTable, PetCo, and ServiceNow have selected ThoughtSpot for
the company's unique ability to empower any employee with true
self-service analytics. ThoughtSpot grew revenue by 180 percent in the
fourth quarter, as enterprises invested heavily in the company's search
& AI-driven analytics platform.

Nair joins ThoughtSpot after a career leading business and sales
organizations for rapidly growing technology companies. He has been
President at Nutanix since February 2016, having served as SVP of
Worldwide Sales & Business Development from April 2014 to February 2016
and VP of Sales from October 2013 to April 2014. Nair joined Nutanix as
employee 16 and the company's first salesperson in February 2011. Prior
to joining Nutanix, Nair worked in various sales leadership positions at
IBM-XIV, DDN, ONStor and Zambeel.

About ThoughtSpot

ThoughtSpot, the leader in search & AI-driven analytics for the
enterprise, is helping the largest companies in the world succeed in the
digital era by putting the power of a thousand analysts in every
business person's hands. With ThoughtSpot's next-generation analytics
platform, business people can use Google-like search to easily analyze
complex, large-scale enterprise data and get trusted insights to
questions they didn't know to ask, automatically - all with a single
click. ThoughtSpot connects with any on-premise, cloud, big data, or
desktop data source, deploying 85 percent faster than legacy
technologies. Customers like Amway, Bed Bath and Beyond, BT, Capital
One, Celebrity Cruises, Chevron Federal Credit Union, De Beers, PetCo
and Scotiabank have put ThoughtSpot at the core of their business
processes. With ThoughtSpot, business leaders and frontline workers
alike have made more than 3 million data informed decisions per year.

ThoughtSpot was co-founded in 2012 by Ajeet Singh, former co-founder and
Chief Product Officer at Nutanix, the largest tech IPO of 2016. With a
founding team coming from Google, Amazon, and Facebook, ThoughtSpot has
raised over $300M in funding from Lightspeed Venture Partners, Khosla
Ventures, General Catalyst Partners, Sapphire Ventures, Geodesic
Capital, and Capital One Growth Ventures. The company is headquartered
in Palo Alto, with offices in Seattle, London and Bangalore. For more
information please visit

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