Mode
“Can a code-first collaborative analytics notebook become the default BI layer for data teams — and does that thesis survive absorption into ThoughtSpot?”
Founded2014
HQSan Francisco, California, United States
Total raised$50M+
Latest roundSeries C, 2019 ($23M)
IndustryHorizontal SaaS / Analytics (BI)
The story
Mode Analytics is a collaborative BI/analytics platform founded in 2014 in San Francisco, aimed at empowering data scientists with SQL, Python, and R notebooks alongside dashboards. The company raised ~$50M through 2019 before being acquired by ThoughtSpot in 2023 to become part of its collaborative BI stack. Mode is a SaaS analytics product — not an embedded-finance company — so its 'finance stack' surface area is limited to internal vendor use (billing, DPA subprocessors).
Last 12 months
Product timeline
2014
Mode founded as a collaborative analytics platform for data scientists in San Francisco.· founding
2019
Raised $23M Series C led by Valor Equity Partners, bringing total funding to $50M.· funding
2023
Acquired by ThoughtSpot to power the next generation of collaborative BI.· acquisition
The stack
0 layers disclosed in Mode’s embedded-finance stack
Accounting gap: none