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Table of contents

Why Invest in ThoughtSpot?

How to Buy ThoughtSpot Stock

Other Ways to Invest in ThoughtSpot

Competitors

Investing in ThoughtSpot

Frequently Asked Questions

Table of contents

Why Invest in ThoughtSpot?

How to Buy ThoughtSpot Stock

Other Ways to Invest in ThoughtSpot

Competitors

Investing in ThoughtSpot

Frequently Asked Questions

Invest In ThoughtSpot

ThoughtSpot

How to invest in ThoughtSpot 2024

By Hamza L - Edited Oct 10, 2024

Why Invest in ThoughtSpot?

Investing in ThoughtSpot presents an opportunity to tap into the rapidly growing AI-powered analytics market. As a leader in this space, ThoughtSpot offers a unique platform that enables users to query data using natural language, making complex analytics accessible to a broader range of business users. This innovative approach has attracted high-profile customers such as Hulu, Walmart, and Siemens, demonstrating the company's ability to serve diverse industries.

ThoughtSpot's recent transformation into a cloud-first company, with the launch of its Modern Analytics Cloud, has positioned it at the forefront of the industry. This strategic move has resulted in impressive growth, with annual recurring revenue from cloud products increasing by over 250% in the past year. Moreover, cloud products now account for more than half of ThoughtSpot's total annual recurring revenue, indicating strong market adoption.

The company's partnerships with industry giants like Snowflake, Microsoft Azure, and Google BigQuery further solidify its position in the modern data stack ecosystem. These collaborations not only expand ThoughtSpot's reach but also validate its technology and market potential.

However, potential investors should be aware of the competitive landscape in the business intelligence and analytics sector. While ThoughtSpot has shown impressive growth and innovation, it faces competition from established players and other emerging startups. Additionally, as with any private investment, there are inherent risks related to liquidity and valuation.

Despite these challenges, ThoughtSpot's strong financial backing from renowned investors, consistent recognition in industry awards, and its position on the Forbes Cloud 100 list for four consecutive years underscore its potential for future growth. The company's focus on cloud-native solutions and its ability to adapt to market trends make it an intriguing investment opportunity for those looking to capitalize on the future of data analytics and AI-driven business intelligence.

How to Buy ThoughtSpot Stock

While ThoughtSpot is not currently publicly traded, investors interested in companies like ThoughtSpot can explore pre-IPO investment opportunities through platforms like Linqto. These platforms offer accredited investors access to private company shares before they go public. Here's a general guide on how to invest in private companies similar to ThoughtSpot:

1. Verify Your Identity: To begin the investment process, you'll need to provide a government-issued ID, such as a passport or driver's license, along with a self-photo. This step ensures the security of your account and complies with financial regulations.

2. Accreditation: As these investments are typically limited to accredited investors, you'll need to indicate your accredited status. This process is usually straightforward and involves meeting certain income or net worth requirements as defined by financial regulations.

3. Explore Available Shares: Once your account is set up, you can browse the platform for available shares in companies similar to ThoughtSpot. Look for AI-powered analytics firms or other tech companies in the business intelligence space that align with your investment goals.

4. Make Your Investment: When you've identified a suitable investment opportunity, you can fund your investment through various methods. These often include bank transfers, ACH, wire transfers, or digital wallets. One of the advantages of platforms like Linqto is the ability to invest with relatively small minimums, sometimes as low as $2,500, making pre-IPO investments more accessible.

5. Manage Your Investment: After investing, you can monitor and manage your investment through the platform's online portal or mobile app. This gives you control over your investment and provides potential liquidity options, which is particularly valuable in the private market.

It's important to note that investing in private companies like ThoughtSpot carries unique risks and considerations. These investments are typically less liquid than public stocks and may have longer holding periods. However, they also offer the potential for significant returns if the company performs well and goes public or is acquired.

When considering an investment in a company like ThoughtSpot, research the company's financial performance, market position, and growth potential. ThoughtSpot's impressive 250% growth in annual recurring revenue from cloud products and its partnerships with industry giants like Snowflake and Microsoft Azure are indicators of its strong market position. However, always conduct thorough due diligence and consider consulting with a financial advisor before making any investment decisions.

Other Ways to Invest in ThoughtSpot

While direct investment in ThoughtSpot may not be possible for all investors, there are alternative ways to gain exposure to the AI-powered analytics and business intelligence sector. These options can provide indirect benefits from the growth of companies like ThoughtSpot and the broader industry trends they represent.

One approach is to invest in exchange-traded funds (ETFs) that focus on cloud computing, artificial intelligence, or big data analytics. These ETFs often include a diverse portfolio of companies operating in similar spaces to ThoughtSpot. For example, the Global X Cloud Computing ETF (CLOU) and the iShares Exponential Technologies ETF (XT) both offer exposure to companies leveraging cloud-based technologies and AI-driven analytics.

Another option is to consider mutual funds specializing in technology and innovation. Funds like the T. Rowe Price Global Technology Fund (PRGTX) or the Fidelity Select Software and IT Services Portfolio (FSCSX) often include holdings in both established tech giants and emerging players in the analytics and business intelligence space.

Investors can also look at publicly traded companies that are either partners or competitors of ThoughtSpot. For instance, Snowflake (SNOW), a key partner and investor in ThoughtSpot, is publicly traded and offers exposure to the cloud data warehousing market. Similarly, established analytics players like Tableau (now part of Salesforce, CRM) or Alteryx (AYX) provide investment opportunities in the broader business intelligence sector.

For those interested in a more diversified approach, consider investing in technology-focused index funds. These funds, such as the Vanguard Information Technology ETF (VGT) or the Technology Select Sector SPDR Fund (XLK), provide broad exposure to the tech sector, including companies working on AI, data analytics, and cloud computing.

It's worth noting that while these alternatives can offer exposure to similar market trends, they may not perfectly mirror ThoughtSpot's specific business model or growth trajectory. However, they can provide a way to benefit from the overall growth in the AI-powered analytics and business intelligence sectors.

When considering these investment options, it's important to research each fund's holdings, performance history, and expense ratios. Additionally, keep in mind that the technology sector can be volatile, and past performance doesn't guarantee future results. As with any investment decision, it's advisable to consult with a financial advisor to determine the best strategy for your individual financial goals and risk tolerance.

By exploring these alternative investment options, investors can potentially capitalize on the growth of the AI-powered analytics market, even without direct access to ThoughtSpot stock. This approach allows for participation in the exciting developments in data analytics and business intelligence while maintaining a diversified investment portfolio.

Competitors

While ThoughtSpot has established itself as a leader in AI-powered analytics, the business intelligence and data analytics market is highly competitive. Here are some notable competitors that investors may consider:

1. Tableau (now part of Salesforce):
A pioneer in data visualization and analytics
Offers a user-friendly platform for creating interactive dashboards
Acquired by Salesforce in 2019, providing access to a vast enterprise customer base
Benefits from Salesforce's extensive resources and integration capabilities

2. Alteryx:
Specializes in data science and analytics automation
Provides a comprehensive platform for data preparation, blending, and analysis
Known for its strong partnerships with major cloud providers
Publicly traded company with a focus on expanding its cloud-based offerings

3. Looker (now part of Google Cloud):
Offers a powerful business intelligence and analytics platform
Acquired by Google Cloud in 2020, enhancing its enterprise appeal
Integrates seamlessly with Google's cloud infrastructure and data warehousing solutions
Benefits from Google's extensive resources and AI capabilities

These competitors, like ThoughtSpot, are at the forefront of the data analytics revolution, each offering unique strengths and market positions. While ThoughtSpot differentiates itself with its natural language processing capabilities and recent cloud-first transformation, these alternatives present their own compelling investment cases. Investors interested in the AI-powered analytics sector may want to consider these companies alongside ThoughtSpot to gain a comprehensive understanding of the market landscape and potential investment opportunities.

Investing in ThoughtSpot

As we've explored, investing in companies like ThoughtSpot offers a unique opportunity to participate in the rapidly evolving AI-powered analytics and business intelligence sector. ThoughtSpot's impressive growth, particularly in cloud-based products, and its partnerships with industry giants like Snowflake and Microsoft Azure, underscore its potential in this dynamic market.

For investors looking to diversify their portfolios with emerging industry leaders, private market opportunities can be an intriguing option. While ThoughtSpot is not publicly traded, platforms like Linqto offer accredited investors access to interests in private companies that are shaping the future of technology and business. These platforms are designed to lower barriers to entry, allowing you to invest in promising companies with lower minimum investments than traditionally required in private markets.

By considering private market investments alongside more traditional options, you can potentially:

- Diversify your investment portfolio
- Gain exposure to cutting-edge AI and analytics technologies
- Participate in the growth stories of innovative businesses like ThoughtSpot

Alternative investment strategies, such as ETFs focused on cloud computing or AI, or investing in publicly traded partners or competitors, can also provide exposure to similar market trends. Companies like Snowflake, Tableau (now part of Salesforce), and Alteryx offer opportunities to invest in the broader business intelligence sector.

Remember, investing in private companies or emerging tech sectors carries unique risks and potential rewards. It's crucial to conduct thorough research, considering both the potential benefits and risks associated with these investments. Factors such as ThoughtSpot's strong financial backing, industry recognition, and position in the Forbes Cloud 100 list should be weighed against the competitive landscape and market volatility.

If you're interested in exploring private market investment opportunities, including potential access to companies like ThoughtSpot, we invite you to discover Linqto's offerings. Our team of investment specialists is available to provide more information and guide you through the process of private market investing, helping you make informed decisions that align with your financial goals and risk tolerance.

Invest In ThoughtSpot

ThoughtSpot

Frequently Asked Questions

Is ThoughtSpot profitable?

While specific profitability information is not publicly available, ThoughtSpot has shown strong revenue growth. The company reported that annual recurring revenue from cloud products grew by over 250% in the last year, with cloud products now making up over half of ThoughtSpot's annual recurring revenue. This impressive growth suggests a positive trajectory, but profitability status would require more detailed financial disclosures.

How much is ThoughtSpot worth?

ThoughtSpot's exact valuation and market cap are not publicly disclosed as it is a private company. However, the company has received significant investments from notable firms like Lightspeed Venture Partners and Silver Lake. ThoughtSpot's last known valuation was reported to be $4.2 billion in 2021, but this figure may have changed since then. As a private company, its true market value can fluctuate based on various factors and is not as readily available as public companies.

Where is ThoughtSpot headquarters located?

ThoughtSpot's headquarters is located in Mountain View, California, United States. This Silicon Valley location places the company at the heart of the tech industry, providing access to top talent and potential partnerships with other leading technology firms. The choice of headquarters reflects ThoughtSpot's position as a cutting-edge AI-powered analytics company in the competitive tech landscape of Northern California.

Can I buy ThoughtSpot stock Pre-IPO?

While ThoughtSpot is not publicly traded, accredited investors can potentially invest in companies like ThoughtSpot through platforms like Linqto. These platforms offer opportunities to gain exposure to private companies before they go public, subject to eligibility requirements and investment risks. Read more about ThoughtSpot stock

When will ThoughtSpot IPO?

As of now, there is no official announcement or confirmed plans for ThoughtSpot's IPO. While the company has taken steps that are often associated with preparing for an IPO, such as hiring experienced senior executives, the decision to go public ultimately depends on various factors and market conditions. It's important to stay informed through official sources for any updates. Read more about ThoughtSpot IPO news

The information provided above is based on online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.