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Sisense Inc.
Company typePrivate
IndustryBusiness Intelligence, Business Discovery, Business Analysis, Software Company
Founded2004 (2004)
Founders
  • Elad Israeli
  • Eldad Farkash
  • Aviad Harell
  • Guy Boyangu
  • Adi Azaria
Headquarters
New York City, United States
Number of locations
7 offices (2019)
Key people
Amir Orad (CEO)
ServicesBusiness analytics
RevenueIncrease$100 million [1]
Number of employees
800
Websitewww.sisense.com

Sisense is a business analytics software company with offices in New York City, San Francisco, Tel Aviv, London, Melbourne, Tokyo, and Scottsdale, Arizona. It is headquartered in New York City. Its business intelligence product includes both a back-end powered by in-chip technology that enables non-technical users to join and analyze large data sets from multiple sources,[2] and a front-end for creating visualizations, like dashboards and reports, on any device, including mobile.[3][4][5][6][7][8]

History

Sisense was founded in 2004 in Tel Aviv by Elad Israeli, Eldad Farkash, Aviad Harell, Guy Boyangu and Adi Azaria.[9] The company worked in stealth mode on research and development until 2010, when initial investors, including Genesis Partners, Opus Capital and Eli Farkash, provided $4 million in Series A financing.[9][10]

Amit Bendov was appointed CEO in July 2012.[11] In April 2013, Sisense announced a $10 million series B funding round led by Battery Ventures, with participation from Genesis Partners and Opus Capital. In June 2014, new investor Draper Fisher Jurvetson Growth (DFJ Growth) led a $30 million series C funding round with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital.[12][13]

In February 2013, as the first company in CrunchBase's "Developer Spotlight Program,"[2] Sisense analyzed 10 years of CrunchBase data in a public interactive investment dashboard dubbed CrunchAnalytics.[14] By analyzing a decade's worth of data about 100,000 companies, the dashboard provides the public with a research tool that enables users to query the data by different categories to see trends in investment over the past ten years.[2]

In 2015, Amir Orad was appointed CEO. Orad previously served as CEO of NICE Actimize.[15][16][17] In January 2016, the company announced a new $50 million funding round led by Bessemer Venture Partners, with participation by Battery Ventures, Draper Fisher Jurvetson, Genesis Partners and Opus Capital.[18]

The company's software is used by companies in 49 countries.[4] Customers include Target.[19] In February 2018, the company was listed as a Visionary on the Gartner Magic Quadrant for Analytics and Business Intelligence Platforms.[20]

In September 2018, the company announced another $80 million funding round led by Insight Venture Partners.[21]

In May 2019, Sisense acquired Periscope Data, creating a company with more than $120 million in annual recurring revenue, and over 900 employees. [22] Finally, in January 2020, Sisense completed another round of funding at approximately $100m with a valuation exceeding $1b, cementing its status as a unicorn. Sisense continues to operate in the data and analytics space with over 2500 customers.

Technology

In April 2013, Sisense introduced an alternative to in-memory technology called In-Chip analytics,[23] designed to maximize the disk, memory and CPU with resulting low latency.[7]

In May 2013, Sisense unveiled Prism 10X, which allows users to analyze 100 times more data at 10 times the speed of in-memory solutions. The company's In-Chip Analytics technology couples a columnar database with smart algorithms that use the in-chip cache, RAM or disk as needed instead of relying solely on RAM or disk.[24][25]

In October 2013, Sisense introduced Crowd Accelerated BI,[25] a technology that allows companies to scale users by providing faster query results as load increases and scale to thousands of simultaneous users on a single box.[26][27] Each query is broken down to its basic components, which then helps the software decide which data to store on disk and which data to bring to memory. As more queries are cataloged, the software is able to more quickly recognize future similar queries and call up relevant data.[28]

In April 2017, Sisense introduced Sisense Pulse which provides alert when it detects results outside of normal parameters for a particular metric.[29]

See also

References

  1. ^ https://www.sisense.com/company/#:~:text=Today%20Sisense%20is%20a%20true,Melbourne%2C%20New%20York%20and%20Arizona.
  2. ^ a b c Press, Gil (March 15, 2013). "CrunchBase Crunching: Sisense and the Big Data Group on the State of the VC Industry". Forbes.
  3. ^ Brandon, John. "Simplify Your IT: 4 Apps to Try". Inc.
  4. ^ a b Yeung, Ken (April 3, 2013). "Sisense Closes $10M Series C Round of Funding Led By Battery Ventures". thenextweb.com.
  5. ^ "Getting small for big data makes 'Sisense' - FierceBigData". fiercebigdata.com. Retrieved 2014-06-11.
  6. ^ Waxer, Cindy (August 31, 2012). "Sisense Aims to Bring Analytics Tools to Cost-Conscious Users". Data Informed.
  7. ^ a b Harris, Derrick (April 3, 2013). "Forget in-memory — Sisense raises $10M for in-chip analytics". Gigaom.
  8. ^ Shamah, David (April 8, 2013). "'Big Data' A Little Less Big, Thanks To Israel's Sisense". No Camels.
  9. ^ a b Orpaz, Inbal. "Israeli start-up makes big data bite-sized". Haaretz.
  10. ^ "Sisense". CrunchBase.
  11. ^ "Sisense hires Amit Bendov as CEO". Silicon Valley Business Journal. July 17, 2012.
  12. ^ Lunden, Ingrid (June 12, 2014). "Sisense Raises $30M More To Bring Big Data Analytics To Businesspeople". TechCrunch.
  13. ^ Hirschauge, Orr (June 12, 2014). "'Big Data for Little Computers' Firm Sisense Raises $30 Million". Wall Street Journal Digits.
  14. ^ "Sisense Crunch Analytics".
  15. ^ All, Ann (20 March 2015). "Startup Spotlight: Sisense's Big Data Analytics". Enterprise Apps Today.
  16. ^ Weinglas, Simona (March 23, 2015). "From a $145M exit to CEO of Sisense, Amir Orad could lead this big data company to a grand future". Geek Time.
  17. ^ "From a $145M exit to CEO of Sisense, Amir Orad could lead this big data company to a grand future". Geektime. 2015-03-23. Retrieved 2018-06-12.
  18. ^ Gage, Deborah (January 7, 2016). "Under New CEO, Sisense Raises $50M". Wall Street Journal.
  19. ^ Gage, Deborah (November 27, 2012). "Sisense Tools Show a Small Laptop Can Crunch Big Data".
  20. ^ "Magic Quadrant for Analytics and Business Intelligence Platforms". Gartner. February 26, 2018.
  21. ^ "Sisense Raises Another $80M to Continue Pushing The Limits of Data Extraction". AlleyWatch. September 17, 2018.
  22. ^ "Sisense acquires Periscope Data to build integrated data science and analytics solution". TechCrunch. May 14, 2019.
  23. ^ Fitzgerald, Michael (November 18, 2013). "Sisense Puts Big Data Analytics On A Chip". Information Week.
  24. ^ Piatetsky, Gregory (May 23, 2013). "Sisense Prism 10X In-Chip Analytics Data Monster". KD Nugget.
  25. ^ a b Gilchrist, Steven (November 13, 2013). "Sisense Crowd Accelerated Analytics Focuses on Fast Response". Business Intelligence Solutions Review.
  26. ^ Lopez, Isaac (October 28, 2013). "Sisense Unveils Crowd Accelerated Analytics". Data Nami.
  27. ^ "Sisense Speeds Time-to-Big-Data Insights with Crowd-Accelerated Analytics". Database Trends and Applications. October 28, 2013.
  28. ^ Press, Gil (October 28, 2013). "Scaling Users, Not Data: SiSense New Take on Machine Learning and Crowdsourcing". Forbes.
  29. ^ "Sisense Pulse uses machine learning to trigger data anomaly alerts – TechCrunch". techcrunch.com. Retrieved 2018-06-12.
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