ThoughtSpot Named a Leader in the 2025 Gartner® Magic Quadrant™ for Analytics and BI Platforms

Evaluation based on Completeness of Vision and Ability to Execute

Mountain View, California, – June 18, 2025  –  ThoughtSpot, the Agentic Analytics Platform company, today announced Gartner Inc. has positioned the company in the Leaders quadrant in the 2025 Gartner® Magic Quadrant™ for Analytics and BI Platforms. A complimentary copy of the report can be found here.

We believe the 2025 Gartner Magic Quadrant arrives amidst a transformative period, characterized by a rapid surge in demand for trusted generative AI solutions that customers can rely on. Business, data, and product leaders are faced with the challenge of scaling efficiently, sparking innovation and delivering differentiated experiences – or risk being left behind. Traditional BI tools characterized by static charts and standalone dashboards that require the user to go and find the insight are long over. We’re now in a world where self-service is delivering the experience it always meant to be.

ThoughtSpot’s recognition as a Leader in this dynamic landscape of GenAI analytics we feel is a testament to how our agentic analytics platform is connecting users with accessible, governed, transparent AI-powered insights embedded directly in their flow of work. We believe the recognition underscores ThoughtSpot’s unwavering commitment to redefining how the world gets insights, empowering businesses to drive decisions on data and AI at scale.

Customers like Capital One, Comcast, Lyft, and Klaviyo are turning to ThoughtSpot as an innovative business partner they can trust to deliver value in their GenAI analytics strategies.

As reviewed on Gartner Peer Insights™ by customers across industries and roles:

• "ThoughtSpot has been an excellent choice for our business users who may not be technically savvy, but have mastery of their data. This tool allows them to drill down into levels of detail quickly and easily to help them understand how the business is performing, detect anomalies, and perform data-driven strategic planning,” said a VP of data engineering at $30B insurance firm; source. 
• "We wanted the best natural language search BI tool that leverages generative AI and helps both technical and non-technical business users access their data and get their questions answered. We were able to successfully implement a production analytics offering within 4 months from contract signing, which was incredible including we were able to keep the team optimised… Spotter is tech that's best in class, drill down on visuals was also really important to always be able to access the underlying data,” said the data product manager at an IT Services company; source. 

“We are incredibly proud to be recognized as a Leader in the 2025 Gartner Magic Quadrant as the industry fully embraces the transformative power of AI-powered analytics – a shift that legacy BI solutions simply weren’t built for," said Ketan Kharkanis, CEO at ThoughtSpot. "ThoughtSpot has surged in driving Agentic Analytics for the market, enabling customers across the Fortune 500 to agile startups in operationalizing data and AI at scale with connected insights that meet you where you are. Our robust platform supports data teams in preparing AI ready data in Analyst Studio, equips business users with a conversational data experiences that takes them from insight to action, and allows product builders and developers to effortlessly create smart apps and intelligent experiences. As a trusted partner, we empower our customers to unlock unprecedented value and drive their businesses forward with confidence. This continued recognition is a testament to our relentless pursuit of innovation, from pioneering search-driven analytics to now leading the industry with agentic analytics."

Key Business Achievements

The report publication follows a year of exceptional growth and innovation for ThoughtSpot, including: 

• The launch of Spotter, an agentic AI analyst, built for every business user and transforming the way users proactively derive actionable and meaningful insights from their data. 
• The expansion of the ThoughtSpot platform with the introduction of Analyst Studio, the creator space that empowers data teams to get data ready for AI and analytics, manage cloud costs, seamlessly switch between ad-hoc analysis and advanced data science, and focus on driving strategic impact—all within a unified, flexible, and integrated platform. 
• ThoughtSpot announced two additional agentic capabilities including ThoughtSpot Agentic MCP Server, allowing users to bring the power of the world's leading Agentic Analytics Platform to any AI agent or application that supports MCP and the introduction of ThoughtSpot’s Agentic Semantic Layer designed for the AI era. This advanced semantic layer acts as the intelligent bridge between your data and the business logic that drives decision-making.
• Deepened relationships with global partnerships across our ecosystem with the launch of ThoughtSpot’s agentic analytics platform for Snowflake customers, DataSpot, ThoughtSpot’s agentic analytics platform for Databricks customers, and a new channel partnership with Panasonic Solution Technology Partners in Japan. 
• Key leadership appointments that have accelerated the global vision and growth of ThoughtSpot, including naming Ketan Karkhanis as CEO, Micheline Nijmeh as CMO and Brad Roberts as CFO. 
• Rapid expansion of ThoughtSpot’s global presence with significant growth in Japan, ANZ and across EMEA. These key regions are pivotal to continued growth and helping leading organizations across the globe with AI-powered data-driven decision making. 
• ThoughtSpot has also been recognized by CRN in the 2025 Cloud 100, AI 100 and Big Data 100 lists, a leader in Snowflake’s Modern Marketing Data Stack Report and a Proddy Award winner for the Top Embedded Analytics Product by Product School. 
• These milestones are underpinned by ThoughtSpot posting significant fiscal growth in Fiscal Year 2024, closing with 40% year-over-year SaaS growth and more than doubling its monthly active users. 

Download the report here.

About the Gartner Magic Quadrant

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables companies to get the most from market analysis in alignment with their unique business and technology needs.

Gartner, Magic Quadrant for Analytics and Business Intelligence Platforms, Anirudh Ganeshan, Edgar Macari, Jamie O’Brien, Kurt Schlegel, Christopher Long, June 16, 2025.

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About ThoughtSpot

ThoughtSpot is the Agentic Analytics Platform that empowers every enterprise to transform insights into action. Our mission is to create a more fact-driven world by delivering a platform where anyone can effortlessly explore any data, ask any question, and uncover actionable insights faster—leading to growth, better business outcomes, and efficiency in their organizations. Agentic AI combined with ThoughtSpot’s intuitive natural language search, every user can confidently discover proactive insights from their business data creating real-time decisioning with impact. The platform’s unified capabilities, along with our agentic AI analyst, Spotter, ensures insights are connected and pervasive, enabling users to create precise, transparent, personalized, and actionable insights with enterprise grade trust, security, and scale. Accessible via the web and mobile app, ThoughtSpot ensures intelligent decision-making happens seamlessly, wherever and whenever needed. For organizations looking to drive value, ThoughtSpot Embedded provides a low-code solution to integrate AI-powered analytics directly into products and services that make every application an intelligent experience, driving data monetization and boosting user engagement for customers. Industry leaders like NVIDIA, Toyota, Hilton Worldwide, Capital One and Matillion rely on ThoughtSpot to transform how their employees and customers take advantage of data to create better business outcomes. Try ThoughtSpot today and experience the new era of analytics.