The company plans to hire fully-formed product teams in its Bengaluru office, including product managers, engineers and designers.
US-headquartered artificial intelligence (AI) company ThoughtSpot on Monday announced its plans to invest $25M in its engineering center in Bengaluru, India.
The funds will be used to innovate the company’s industry leading search and AI-driven analytics platform and continue to recruit talent from top Indian universities, an official statement said.
The company noted that India has become a major global hub for analytics and AI professionals, providing a significant opportunity for companies who can tap into this talent pool.
With the new funding, it aims to expand its engineering activities at its two-year-old facility in Bengaluru to work on the company’s industry leading analytics and AI platform. The Bangalore teams will collaborate with R&D centers in Sunnyvale and Seattle in the US as part of ThoughtSpot’s globally distributed engineering team, it added.
ThoughtSpot plans to hire fully-formed product teams in the Bengaluru office, including product managers, engineers and designers.
According to ThoughtSpot, one in ten open data science and machine learning jobs can be found in India, indicating a disconnect between the demand for insights and the supply of technical professionals who can provide them.
To begin business operations in India
Apart from investing in the engineering center, ThoughtSpot said it will be launching its business operations in India to bring augmented analytics to enterprises throughout the country. It plans to bring its technology to market through partnerships with the powerful ecosystem of global systems integrators in India.
“In a space as rapidly evolving as artificial intelligence and machine learning, the only way to keep up with the needs of enterprise customers is by hiring exceptional talent who can deliver innovation quickly,” said Sudheesh Nair, CEO, ThoughtSpot.
“With the new investment, we’ll not only be able to grow our team with this kind of talent from across India, but simultaneously bring our platform to Indian enterprises for the first time with a dedicated, local team,” he added.
Puneet Agarwal, ThoughtSpot VP and Head of India Engineering, shared that over the past two years, the Bengaluru engineering center has become one of ThoughtSpot‘s key R&D centers.
He said, “We’re looking for the best and brightest minds in product, engineering and design who share our passion for delivering real value to our customers, while bettering the world through artificial intelligence, distributed systems, databases and UI/UX.”
Sunil Mahale, ThoughtSpot VP of APJ, is hopeful that the new investment will help ThoughtSpot bring innovations to customers faster.