Sisense

Last updated
Sisense Inc.
Company type Private
Industry Software
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
Products Business intelligence tools
Data visualization tools
Analytics tools
Big data tools
RevenueIncrease2.svg $100 million [1]
Number of employees
Over 800
Website www.sisense.com

Sisense is an American business intelligence software company headquartered in New York City, United States. It also has offices in San Francisco, Scottsdale and in other locations. [2] [3]

Contents

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 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 named to the list. [19] [20] [21]

In 2022, Sisense began a series of massive layoffs, firing half of the company. [22]

In April 2023, Ariel Katz was appointed CEO, replacing Orad. [23] Katz previously served as Sisense’s Chief Products and Technology Officer (CPTO) and General Manager of Israel. [23]

Technology

The company develops business intelligence software that allows users to access and analyze big data. [24]

The company's analytics suite, Sisense Fusion, uses artificial intelligence and machine learning to analyze data. [25] [24] The platform allows users to customize their analytics dashboards and data visualization by industry and by a user's role within a business. [25] [26] The software can also alert users to anomalous results. [27]

In 2019, the company acquired data science software company Periscope Data, and renamed its software Sisense for Cloud Data Teams. [28]

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. [25]

See also

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References

  1. ↑ Lunden, Ingrid (January 9, 2020). "Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics" . Retrieved 9 January 2020.
  2. ↑ Avidon, Eric (9 February 2021). "News Writer". TechTarget. Retrieved 9 February 2021.
  3. ↑ MTS, Staff Writer (10 February 2021). "Sisense Unveils AI-Driven Analytics Platform to Make Data Analytics Simple, Scalable and Actionable". MarTechSeries. Retrieved 10 February 2021.
  4. 1 2 3 4 Orpaz, Inbal (December 17, 2012). "Israeli start-up makes big data bite-sized". Haaretz. Retrieved August 12, 2021.
  5. ↑ Nathan, Eddy (August 11, 2009). "SiSense Offers Business Intelligence Tools for Cost-Conscious Companies". eWeek. Quinstree. Retrieved August 30, 2021. 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. Retrieved August 18, 2021.
  7. 1 2 3 Lunden, Ingrid (June 12, 2014). "Sisense Raises $30M More To Bring Big Data Analytics To Businesspeople". TechCrunch. Retrieved August 12, 2021.
  8. ↑ "Amit Bendov". www.bloomberg.com. Retrieved 28 December 2021.
  9. 1 2 Hirschauge, Orr (June 12, 2014). "'Big Data for Little Computers' Firm Sisense Raises $30 Million". The Wall Street Journal. Dow Jones & Company, Inc. Retrieved August 18, 2021.
  10. ↑ Cohen, Tova (May 27, 2014). "Israel's SiSense sees surging demand for data analytics software". Reuters. Retrieved August 18, 2019.
  11. 1 2 Gage, Deborah (January 7, 2016). "Under New CEO, Sisense Raises $50M". The Wall Street Journal. Dow Jones & Company, Inc. Retrieved August 12, 2021.
  12. ↑ Shulman, Sophie (September 2, 2020). "Valuation Is a Milestone, Not a Cause for Celebration, Says Sisense CEO". Calcalist. Yedioth Ahronoth Group. Retrieved August 12, 2021.
  13. ↑ "Sisense Raises Another $80M to Continue Pushing The Limits of Data Extraction". AlleyWatch. September 17, 2018.
  14. ↑ "Data analytics firm Sisense raises $80 million, to accelerate hiring". Reuters. September 12, 2018. Retrieved June 25, 2022.
  15. 1 2 Cohen, Tova (May 5, 2019). "Data analytics firm Sisense buys U.S. firm Periscope Data". Reuters. Retrieved August 18, 2019.
  16. 1 2 Miller, Ron (May 14, 2019). "Sisense acquires Periscope Data to build integrated data science and analytics solution". TechCrunch. Retrieved August 18, 2021.
  17. ↑ Halon, Eytan (January 11, 2020). "Meet Sisense - Israel's latest "unicorn"". The Jerusalem Post. Jpost Inc. Retrieved August 18, 2021.
  18. ↑ Brust, Andrew (19 February 2021). "As Power BI aces Gartner's new Magic Quadrant, what's the story behind Microsoft's success?". ZDNet. Retrieved 19 February 2021.
  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. Retrieved August 18, 2021.
  20. ↑ Ghahremani, Yasmin. "Tech Companies to Watch 2019: Sisense". CFO. Industry Dive. Retrieved May 2, 2019.
  21. ↑ "Gartner Magic Quadrant for Analytics and Business Intelligence Platforms". Gartner. February 11, 2020. Retrieved August 18, 2021.
  22. ↑ "Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months". ctech. 2024-01-11. Retrieved 2024-03-01.
  23. 1 2 "Sisense Announces CEO Transition and Key Promotions; Hits Major Financial Milestones". Sisense. Retrieved 2024-04-01.
  24. 1 2 Lunden, Ingrid (January 9, 2020). "Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics". TechCrunch. Retrieved August 1, 2021.
  25. 1 2 3 Adams, R. Dallon (May 4, 2021). "The 5 best data visualization tools for every business". ZDNet. Retrieved August 1, 2021.
  26. ↑ Olavsrud, Thor; Sayer, Peter (January 15, 2021). "Top 12 business intelligence (BI) tools for 2021". CIO. Retrieved August 1, 2021.
  27. ↑ "Sisense Pulse uses machine learning to trigger data anomaly alerts – TechCrunch". techcrunch.com. Retrieved 2018-06-12.
  28. ↑ Whiting, Rick (January 10, 2020). "Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap". CRN. Retrieved October 10, 2021.
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