Thoughtspot Acquires Mode Analytics For $200M To Empower Data Teams To Redefine Business Intelligence With Trusted Generative Ai
Acquiring Company
ThoughtSpot
Acquired Company
Mode
Mountain ViewSan MateoSoftwareSoftwareAnalyticsBig DataSaaSDescription
ThoughtSpot, the AI-Powered Analytics company, today announced it has signed a definitive agreement to acquire Mode Analytics, the modern Business Intelligence (BI) platform that brings data teams and business teams together to drive impact, in a cash and equity deal valued at $200M. Upon close of the acquisition, Mode will become a wholly-owned subsidiary of ThoughtSpot. By combining their respective technology as a versatile suite of analytical tools, the two companies are empowering data teams around the world to confidently transform business intelligence with generative AI and deliver value to the business quickly, securely, and at scale.
Quick answer
ThoughtSpot is acquiring Mode for $200 million, announced June 26, 2023. ThoughtSpot is based in Mountain View, California, United States.
- How much did ThoughtSpot pay for Mode?
- The reported deal value is $200 million.
- What does ThoughtSpot do?
- ThoughtSpot is the Modern Analytics Cloud company.
- Where are ThoughtSpot and Mode based?
- ThoughtSpot is based in Mountain View, California, United States. Mode is based in San Mateo, California, United States.
- Who are the decision-makers at ThoughtSpot?
- Fundz holds 2 contacts at ThoughtSpot. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Mode?
Mode was acquired by ThoughtSpot, based in Mountain View. The deal was reported on June 26, 2023. ThoughtSpot is the Modern Analytics Cloud company. Our mission is to create a more fact-driven world with the easiest to use analytics platform. ThoughtSpot is privately held and operates in Software.
When did ThoughtSpot acquire Mode?
ThoughtSpot's acquisition of Mode was reported on June 26, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Mode do?
Mode is the modern Business Intelligence (BI) platform, and the first solution built around the way modern data teams work. Mode clears the path from data to insights and uplevels decision making in every function of the organization. It is privately held, operating in Software, and is based in San Mateo.
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