ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock

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 Diyo

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