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.
Gappify Announces Oversubscribed Series B Financing Round
Gappify Closes $10 Million Series B Financing Round, Reinforcing Its Vision to Transform Accounting Automation
Founders.ai Celebrates Arcion's Acquisition by Databricks
Founders.ai proudly announces that its portfolio company, Arcion, has been acquired by data and AI leader Databricks in a deal valued at over $100 million, reinforcing the transformative potential of AI and data technologies in the enterprise landscape.
Gainy announces the partnership with DriveWealth
Gainy, a fintech platform aimed at younger investors, has partnered with DriveWealth to offer Thematic Trading Fractionals, a tool that uses fractional trading technology to optimize thematic model portfolios and simplify active investing for users.
Arcion lands $13M investment
Arcion, a data replication platform that enables customers to migrate, replicate, and perform analysis on platforms like Databricks and Snowflake, has raised $13 million in a series A round led by Bessemer Venture Partners with participation from Databricks, bringing its total capital raised to over $18.2 million at a $65 million valuation.
Britive secures $20.5M series B round
Cloud identity security platform Britive has raised $20.5 million in a Series B funding round led by Pelion Venture Partners, with participation from Liberty Global Ventures, Crosslink Capital and One Way Ventures, to expand its investments in customer success, marketing, sales, and product development.
Narrative BI Raises $1,2M in Pre-seed Funding
Narrative BI, a company launched by Founders.ai announced that it has raised $1,2 M in pre-seed funding from Elysium Venture Capital and others.
Gappify Announces Oversubscribed Series A Financing
Gappify announced that it has raised $6M in Series A financing. The oversubscribed round was led by Rally Ventures, whose early investments include top B2B enterprise solutions such as Coupa.
Meeting with Sviatlana Tsikhanouskaya
Michael Rumiantsau, the founders.ai Managing Director, was invited to the meeting with Ms. Tsikhanouskaya - Belarus' president-elect.
Founders.ai invests in Gainy
Gainy App nabs $200K from Founders.ai to a build personalized investment recommendation app for retail investors.
Gappify Announces Closing of Equity Financing
Gappify announced the completion of the financing round led by Stage 2 Capital.
Britive has raised $5.4 million from Upfront Ventures and other investors, including Founders.ai
Britive has raised $5.4 million from Upfront Ventures and other investors, including Founders.ai.