ThoughtSpot, an AI-powered analytics platform last valued at $4.5 billion, today announced that it’s entered into a definitive agreement to acquire Mode Analytics, a business intelligence startup, for $200 million in cash and stock.
Mode will become a wholly-owned subsidiary of ThoughtSpot once the deal closes later this year, subject to customary closing conditions and the approval of Mode’s shareholders.
It’s ThoughtSpot’s third-ever acquisition following the company’s purchases of SQL-based analytics firm SeekWell in March 2021 and data integration company Diyotta in May of that same year. Enabling all the deals is ThoughtSpot’s massive warchest, which totaled over $663 million as of August 2019.
As for the Mode acquisitio …
