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ThoughtSpot raises $248M in latest fundraising round

ThoughtSpot raised $248 million in funding at a valuation of $1.95 billion in an oversubscribed round.

The company's latest round of fundraising has brought the company's total funding to $554 million.

New investor Silver Lake Waterman, Silver Lake's late-stage growth capital fund joined existing backers Lightspeed Venture Partners, Sapphire Ventures, and Geodesic Capital in this round of funding.

ThoughtSpot intends to continue investing in its go-to-market teams in North America, Europe, the Middle East and Africa, and Asia-Pacific to meet growing demand, expand R&D efforts, including hiring for its engineering and product teams, among other things.