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Sisense

Topic: Company

 From HandWiki - Reading time: 4 min
Short description: Business software company
Sisense Inc.
TypePrivate
IndustrySoftware
Founded2004 (2004)
Founders
  • Elad Israeli
  • Eldad Farkash
  • Aviad Harell
  • Guy Boyangu
  • Adi Azaria
Headquarters
New York City , United States
Number of locations
8
Key people
  • Ariel Katz, CEO
ProductsBusiness intelligence tools
Data visualization tools
Analytics tools
Big data tools
RevenueIncrease $100 million[1]
Number of employees
Over 800
Websitewww.sisense.com

Sisense is a business intelligence software company headquartered in New York City . It also has offices in San Francisco , Scottsdale, and elsewhere.[2][3]

History

Sisense was founded in 2004 in Tel Aviv, Israel, as a provider of business intelligence tools for small to midsize businesses.[4][5] The company initially focused on research and development and did not formally publicize its products until 2010.[4] Initial investors included venture capital firms Genesis Partners and Opus Capital and private investor Eli Farkash.[4][6]

By 2012, Sisense had raised $10 million and expanded its operations to the United States .[4][7] That same year, Amit Bendov was appointed as the company's new CEO.[8] Series B and C financing followed in 2013 and 2014, respectively, at which point Sisense had raised $44 million.[7][9] TechCrunch noted that Sisense's growth and funding during this period reflected the degree to which it made big data analytics accessible to ordinary business users.[7] By 2014, the company had opened an office in New York City , and about 70 percent of its sales were in the U.S.[10][9]

In 2015, Amir Orad was appointed CEO, replacing Bendov.[11] Orad previously served as CEO of NICE Actimize.[12] Series C and D funding followed in 2016 and 2018, respectively, bringing Sisense’s total funding to $174M over five rounds.[11][13][14]

In May 2019, Sisense acquired Periscope Data, a U.S.-based company specializing in advanced analytics and predictive modeling.[15][16] The combined company represented more than $100 million in annual recurring revenue, over 2,000 customers, and more than 700 employees.[15][16] With another round of funding in January 2020, Sisense reached a valuation exceeding $1 billion, often referred to as unicorn status.[17]

In February 2021, Sisense was listed as a “visionary” on the Gartner Magic Quadrant for analytics and business intelligence platforms.[18] It was the fourth time the company had been came on the list.[19][20][21]

Technology

The company develops business intelligence software that allows users to access and analyze big data.[22]

The company's analytics suite, Sisense Fusion, uses artificial intelligence and machine learning to analyze data.[23][22] The platform allows users to customize their analytics dashboards and data visualization by industry and by a user's role within a business, respectively.[23][24] The software can also alert users to anomalous results.[25]

In 2019, the company acquired data science software company Periscope Data, and renamed its software Sisense for Cloud Data Teams.[26]

As of 2021, the software platform integrates with platforms such as Adobe Analytics, AWS, Microsoft Azure Synapse Analytics, and Snowflake to provide users with the data input for analysis.[23]

See also

  • Science and technology in Israel

References

  1. ↑ Lunden, Ingrid (January 9, 2020). "Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics". https://techcrunch.com/2020/01/09/sisense-nabs-another-100m-at-a-1b-valuation-for-its-big-data-business-analytics-solutions/. 
  2. ↑ Avidon, Eric (9 February 2021). "News Writer". TechTarget. https://searchbusinessanalytics.techtarget.com/news/252496048/Sisense-analytics-suite-renamed-to-reflect-embedded-BI-focus. 
  3. ↑ MTS, Staff Writer (10 February 2021). "Sisense Unveils AI-Driven Analytics Platform to Make Data Analytics Simple, Scalable and Actionable". MarTechSeries. https://martechseries.com/analytics/sisense-unveils-ai-driven-analytics-platform-to-make-data-analytics-simple-scalable-and-actionable/. 
  4. ↑ 4.0 4.1 4.2 4.3 Orpaz, Inbal (December 17, 2012). "Israeli start-up makes big data bite-sized". Haaretz. http://www.haaretz.com/business/start-up-of-the-week/israeli-start-up-makes-big-data-bite-sized.premium-1.485070. 
  5. ↑ Nathan, Eddy (August 11, 2009). "SiSense Offers Business Intelligence Tools for Cost-Conscious Companies". eWeek (Quinstree). https://www.eweek.com/small-business/sisense-offers-business-intelligence-tools-for-cost-conscious-companies/. "SiSense, a provider of business intelligence tools for small to midsize businesses[.]" 
  6. ↑ Goldenberg, Roy (November 28, 2012). "Big data analytics co SiSense raises $8m". Globes. https://en.globes.co.il/en/article-1000801882. 
  7. ↑ 7.0 7.1 7.2 Lunden, Ingrid (June 12, 2014). "Sisense Raises $30M More To Bring Big Data Analytics To Businesspeople". TechCrunch. https://techcrunch.com/2014/06/12/sisense-raises-30m-more-to-take-big-data-analytics-to-businesspeople/. 
  8. ↑ "Amit Bendov". https://www.bloomberg.com/profile/person/3465806. 
  9. ↑ 9.0 9.1 Hirschauge, Orr (June 12, 2014). "'Big Data for Little Computers' Firm Sisense Raises $30 Million". The Wall Street Journal (Dow Jones & Company, Inc). https://blogs.wsj.com/digits/2014/06/12/big-data-for-little-computers-firm-sisense-raises-30-million/. 
  10. ↑ Cohen, Tova (May 27, 2014). "Israel's SiSense sees surging demand for data analytics software". Reuters. https://www.reuters.com/article/us-sisense-software/israels-sisense-sees-surging-demand-for-data-analytics-software-idUSKBN0E71M320140527. 
  11. ↑ 11.0 11.1 Gage, Deborah (January 7, 2016). "Under New CEO, Sisense Raises $50M". The Wall Street Journal (Dow Jones & Company, Inc.). https://www.wsj.com/articles/BL-VCDB-18382. 
  12. ↑ Shulman, Sophie (September 2, 2020). "Valuation Is a Milestone, Not a Cause for Celebration, Says Sisense CEO". Calcalist (Yedioth Ahronoth Group). https://www.calcalistech.com/ctech/articles/0,7340,L-3791531,00.html. 
  13. ↑ "Sisense Raises Another $80M to Continue Pushing The Limits of Data Extraction". AlleyWatch. September 17, 2018. https://www.alleywatch.com/2018/09/sisense-raises-another-80m-to-continue-pushing-the-limits-of-data-extraction/. 
  14. ↑ "Data analytics firm Sisense raises $80 million, to accelerate hiring". September 12, 2018. https://www.reuters.com/article/us-tech-sisense-fundraising-idUSKCN1LS22C. 
  15. ↑ 15.0 15.1 Cohen, Tova (May 5, 2019). "Data analytics firm Sisense buys U.S. firm Periscope Data". Reuters. https://www.reuters.com/article/us-periscope-data-m-a-sisense/data-analytics-firm-sisense-buys-u-s-firm-periscope-data-idUSKCN1SL1AQ. 
  16. ↑ 16.0 16.1 Miller, Ron (May 14, 2019). "Sisense acquires Periscope Data to build integrated data science and analytics solution". TechCrunch. https://techcrunch.com/2019/05/14/sisense-acquires-periscope-data-to-build-integrated-data-science-and-analytics-solution/. 
  17. ↑ Halon, Eytan (January 11, 2020). "Meet Sisense - Israel's latest "unicorn"". The Jerusalem Post (Jpost Inc.). https://www.jpost.com/jpost-tech/meet-sisense-israels-latest-unicorn-613797. 
  18. ↑ Brust, Andrew (19 February 2021). "As Power BI aces Gartner's new Magic Quadrant, what's the story behind Microsoft's success?". ZDNet. https://www.zdnet.com/article/as-power-bi-aces-gartners-new-magic-quadrant-whats-the-story-behind-microsofts-success/. 
  19. ↑ Whiting, Rick (March 15, 2018). "Here's Who Made Gartner's 2018 Magic Quadrant For Business Intelligence And Analytics Platforms". CRN (The Channel Company). https://www.crn.com/slide-shows/internet-of-things/300100611/heres-who-made-gartners-2018-magic-quadrant-for-business-intelligence-and-analytics-platforms.htm/8. 
  20. ↑ Ghahremani, Yasmin. "Tech Companies to Watch 2019: Sisense". CFO (Industry Dive). https://www.cfo.com/technology/2019/05/tech-companies-to-watch-2019-sisense/. 
  21. ↑ "Gartner Magic Quadrant for Analytics and Business Intelligence Platforms". Gartner. February 11, 2020. https://www.gartner.com/en/documents/3980852/magic-quadrant-for-analytics-and-business-intelligence-p. 
  22. ↑ 22.0 22.1 Lunden, Ingrid (January 9, 2020). "Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics". TechCrunch. https://techcrunch.com/2020/01/09/sisense-nabs-another-100m-at-a-1b-valuation-for-its-big-data-business-analytics-solutions/. 
  23. ↑ 23.0 23.1 23.2 Adams, R. Dallon (May 4, 2021). "The 5 best data visualization tools for every business". ZDNet. https://www.zdnet.com/article/the-5-best-data-visualization-tools-for-every-business/. 
  24. ↑ Olavsrud, Thor; Sayer, Peter (January 15, 2021). "Top 12 business intelligence (BI) tools for 2021". CIO. https://www.cio.com/article/3322749/top-business-intelligence-bi-tools.html. 
  25. ↑ "Sisense Pulse uses machine learning to trigger data anomaly alerts – TechCrunch" (in en-US). https://techcrunch.com/2017/04/12/sisense-pulse-uses-machine-learning-to-trigger-data-anomaly-alerts/. 
  26. ↑ Whiting, Rick (January 10, 2020). "Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap". CRN. https://www.crn.com/news/applications-os/big-data-developer-sisense-raises-100-million-in-financing-hits-1-billion-market-cap?itc=refresh. 

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