Here’s the pitch deck $1.95 billion ThoughtSpot used to raise $248 million for an AI-powered analytics tool that’s challenging Salesforce’s Tableau

This is the pitch deck ThoughtSpot, a data visualization startup, used to raise $248 million. The startup is challenging Salesforce’s Tableau.

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Here's the deck that ThoughtSpot used to raise its funding from investors including Lightspeed Ventures and Sapphire Ventures — in which it says it sees the market as a $166 billion opportunity.Founded in 2012, ThoughtSpot offers businesses a way to visually analyze their data in order to make critical decisions faster.

The funding round was led by Lightspeed Ventures and Sapphire Ventures, and lifts the startup's valuation up to $1.95 billion, the company says. "A massive company like Salesforce acquiring Tableau is interesting and it could be scary," ThoughtSpot CEO Sudheesh Nair told Business Insider."But right now, it's not usually the big beating the small. It is the fast beating the slow."

ThoughtSpots's efforts have been paying off. The startup recently moved into the"leaders quadrant" in Gartner's Magic Quadrant report on analytics and business intelligence. The technology research firm cited ThoughtSpot's"strong execution, high customer satisfaction scores and rapid innovation."

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