SUNNYVALE, Calif.–(BUSINESS WIRE)–ThoughtSpotthe Modern Analytics Cloud company, today announced the launch of three new editions: Team Edition, Pro Edition, and a special bundle for startups, nonprofits, and educational institutions. These are the company’s first offerings specifically for small teams and individuals. As part of these editions, ThoughtSpot also announced a consumption-based pricing model, where customers only pay for what they use instead of wasting resources on shelf licenses sold by vendors. traditional analysis.
Today, customers can get started with Team Edition for a $95 per month plan for a single user group with unlimited users. The Pro edition starts at $2,500 per month for up to 5 user groups with unlimited users. Pro edition customers will only pay for what they consume, based on actual queries. Startups, nonprofits, and educational institutions with less than 100 people and less than $10 million in annual revenue can take advantage of a special Pro Edition flat rate with no per-request fees. For the most demanding enterprise deployments, ThoughtSpot Enterprise Edition offers maximum scalability with unlimited users, unlimited data, unlimited user groups, and enterprise-grade support SLAs. Enterprise Edition customers will only pay for what they use based on actual queries.
The new editions were unveiled alongside a major expansion of the platform capabilities to Beyond, ThoughtSpot’s annual customer conference. Combined with these new releases, the announcements significantly advance the company’s product-driven growth strategy.
Create a new vector of growth
Companies have long recognized the value of their data to improve their business on multiple fronts, such as to research from Harvard Business Review demonstrates this, but the lack of true self-service analytics has prevented most organizations from realizing these benefits. ThoughtSpot’s Modern Analytics Cloud is the first purpose-built analytics platform to deliver this self-service experience with Live Analytics. With ThoughtSpot, data is truly democratized.
Historically, ThoughtSpot was designed to enable large-scale deployments in organizations. With the launch of these new editions, businesses can go beyond dead dashboards and put the power of Live Analytics into the hands of teams of all sizes, including individuals. With an affordable pricing model that starts at just $95 per month, the new editions meet the budget realities of any business. Pricing is also consumption-based, meaning customers only pay for the value they create with ThoughtSpot instead of being locked into user-based prices and shelves.
Leveraging the company’s SaaS platform, the new editions can be used immediately as they instantly connect to customer cloud data platforms such as Snowflake, Databricks, Google BigQuery, AWS, Azure, and more. Just as ThoughtSpot democratizes data for any type of user, the new editions democratize the Modern Analytics Cloud for any type of organization.
The next phase of cloud analytics
Along with new features from ThoughtSpot, today’s news advances the company’s product-driven growth strategy. The new editions come as ThoughtSpot achieves significant growth, driven by the success of its cloud offerings. Recent highlights include:
Cloud products now represent two-thirds of ThoughtSpot’s annual recurring revenue. Over the past year, cloud product ARR has increased by more than 175%
Over the past year, 95% of new customers have purchased cloud products. About half were six-figure investments.
New cloud customers include Hubspot, Nasdaq, Finlocker, Afterpay, Tokyo Electron US Holdings, Cetera, Factory14, Cohora, CarTrawler, Northmill, Frontify, Harri, OrderPay, Zoomin, Bambuser AB, Star Compliance, JustWatch
In EMEA, Cloud ARR has grown 600% over the past year.
4 of the Fortune 5 companies are ThoughtSpot clients, plus over 25% of the Fortune 100
“Today, putting data in the hands of business users to make smarter decisions and drive better outcomes is non-negotiable. It’s critical to success. To do this, however, leaders must adopt new technologies and new processes, while breaking free from the tools that served them in the past,” said Dawid Rasała, Chief Data Officer at Milarex. The beauty of these new editions is that anyone can experience the difference first-hand in a free trial, then simply use a credit card to go from trial to purchase. are ready to search and act on your data.”
“The kind of transformational value our clients have been able to achieve with ThoughtSpot is simply astounding. Truly seeing is believing when it comes to Modern Analytics Cloud. The way our business model was built, however, meant that many smaller organizations and teams couldn’t experience those same results firsthand,” said Sudheesh Nair, CEO of ThoughtSpot. “That’s why these new editions are so special to me. I want to see trailblazers in every business get their hands on ThoughtSpot and show their organizations what’s possible when they challenge the status quo. And I want them to only pay for the value they create with ThoughtSpot. Dashboards are dead, and wasting money on user licenses that sit like shelves instead of what customers are actually consuming should do that too.
Team Edition, Pro Edition, and the offering for startups, nonprofits, and educational institutions are generally available today. For more information visit our new pricing page. You can also see for yourself the power of Modern Analytics Cloud and start a 30 day period free try today.
ThoughtSpot is the Modern Analytics Cloud company. Our mission is to create a more fact-driven world with the easiest-to-use analytics platform. With ThoughtSpot, anyone can leverage natural language search and AI to find data insights and leverage the most advanced innovations in the cloud data ecosystem. Companies can put the power of their modern data stack in the hands of every employee, extend the value of their data to their partners and customers, and automate entire business processes. ThoughtSpot empowers everyone in an organization to interact with live data without limits, regardless of their cloud data platform, making it easier to gain granular, actionable insights with Live Analytics. Customers can take advantage of ThoughtSpot’s web and mobile applications to improve decision-making for every employee. Through ThoughtSpot’s developer-friendly platform, ThoughtSpot Everywhere, customers can also integrate modern analytics cloud into their products and services, engage users and keep them coming back for more. Organizations like Walmart, BT, T-Mobile, Snowflake, HubSpot, Exxon, Daimler, Medtronic, Hulu, Royal Bank of Canada, Nasdaq, OpenTable, Workato, and Nationwide Building Society rely on ThoughtSpot to transform how their employees and customers profit of Data. See for yourself and try ThoughtSpot today.