Portfolio News
ThoughtSpot, the AI-Powered Analytics company, has successfully completed its acquisition of Mode Analytics, a modern Business Intelligence (BI) platform, in a $200 million cash and equity transaction.
As a result of this acquisition, ThoughtSpot's Annual Recurring Revenue (ARR) will exceed $150 million, with ample opportunities for growth. Existing Mode Analytics and ThoughtSpot customers will receive exclusive offers for each other's products.
This acquisition marks a significant step forward in the evolution of business intelligence, bringing the power of AI and collaboration to data professionals and business users.
Both, Thoughtspot and Mode are founders.ai portfolio companies.
From the blog