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. It also has offices in San Francisco and Scottsdale. [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 came on 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, respectively. [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]

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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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