Data Cloud Giant Snowflake Tightens Alliance With Analytics Developer ThoughtSpot With $20M Investment
Expanding on a partnership with Snowflake launched in 2019, ThoughtSpot will use the funding to accelerate development of its search and AI-based analytics software that can access and analyze cloud-based data.
By
Rick Whiting March 09, 2021, 05:17 PM EST
Data cloud service provider Snowflake has invested $20 million in business analytics software developer ThoughtSpot in a move that expands on a technology alliance the two companies established nearly two years ago.
The companies announced Tuesday that Snowflake Ventures, Snowflake’s venture capital arm, has acquired an equity stake in Sunnyvale, Calif.-based ThoughtSpot with the $20 million strategic investment.