siliconindia | | SEPTEMBER 20228infocusTHOUGHTSPOT PROCLAIMS NEW $150 MILLION INVESTMENT IN INDIA TO POWER INNOVATION FOR THE MODERN DATA STACKT houghtSpot, the Modern Analytics Cloud company, today announced plans to invest $150M across its operations in India over the next five years. Additionally, ThoughtSpot has announced the opening of a new office in Trivandrum, the company's third R&D center in India. The new investment will fuel continued product innovation for the Modern Analytics Cloud, empowering every company to build their business on data. Dominating the decade of data with Live AnalyticsToday, how organizations leverage data determines whether they win, thrive, or fail. In this defining decade of data, the most successful organizations are embracing an entirely new modern data stack. ThoughtSpot was built as the experience layer for this new stack, empowering anyone to tap into the full value of these innovations through intuitive, interactive Live Analytics. Any team member, from store clerk to business analyst, to executive chair, can leverage search and AI to self-serve insights and take action that drives their business forward. Companies across the globe have raced to adopt this new approach, resulting in substantial growth for the company. In the last year, ThoughtSpot's annual recurring revenue from its cloud offerings grew by 102 percent. ThoughtSpot's R&D teams in India, composed of fully integrated teams that span engineering to design to operations, have been instrumental in delivering this growth. With the new investment in India, this momentum will continue to grow by growing headcount by more than 30 percent across
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