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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]

History

Sisense was founded in 2004 in Tel Aviv, Israel, as a provider of business intelligence tools for small to midsize businesses.[3][4] The company initially focused on research and development and did not formally publicize its products until 2010.[3] Initial investors included venture capital firms Genesis Partners and Opus Capital and private investor Eli Farkash.[3][5]

By 2012, Sisense raised $10 million and expanded its operations to the United States.[3][6] That same year, Amit Bendov was appointed as the company’s new CEO.[7] Series B and C financing followed in 2013 and 2014, respectively, at which point Sisense had raised $44 million.[6][8] 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.[6] By 2014, the company had opened an office in New York and about 70 percent of its sales were in the U.S.[9][8]

In 2015, Amir Orad was appointed CEO, replacing Bendov.[10] Orad previously served as CEO of NICE Actimize.[11] Series C and D funding followed in 2016 and 2018 respectively, bringing Sisense’s total funding to $174M over five rounds.[10][12][13]

In May 2019, Sisense acquired Periscope Data, a U.S. based company specializing in advanced analytics and predictive modeling.[14][15] The combined company represented more than $100 million in annual recurring revenue, over 2,000 customers, and more than 700 employees.[14][15] With another round of funding in January 2020, Sisense reached a valuation exceeding $1 billion, often referred to as unicorn status.[16]

In 2022, Sisense began a series of massive layoffs, firing half of the company.[17]

In April 2023, Ariel Katz was appointed CEO, replacing Orad.[18] Katz previously served as Sisense’s Chief Products and Technology Officer (CPTO) and General Manager of Israel.[18]

Technology

The company develops business intelligence software that allows users to access and analyze big data.[19]

The company’s analytics suite, Sisense Fusion, uses artificial intelligence and machine learning to analyze data.[20][19] The platform allows users to customize their analytics dashboards and data visualization by industry and by a user’s role within a business.[20][21] The software can also alert users to anomalous results.[22]

In 2019, the company acquired data science software company Periscope Data, and renamed its software Sisense for Cloud Data Teams.[23]

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.[20]

See also

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. ^ a b c d Orpaz, Inbal (December 17, 2012). “Israeli start-up makes big data bite-sized”. Haaretz. Retrieved August 12, 2021.
  4. ^ 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[.]
  5. ^ Goldenberg, Roy (November 28, 2012). “Big data analytics co SiSense raises $8m”. Globes. Retrieved August 18, 2021.
  6. ^ a b c Lunden, Ingrid (June 12, 2014). “Sisense Raises $30M More To Bring Big Data Analytics To Businesspeople”. TechCrunch. Retrieved August 12, 2021.
  7. ^ “Amit Bendov”. www.bloomberg.com. Retrieved 28 December 2021.
  8. ^ a b 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.
  9. ^ Cohen, Tova (May 27, 2014). “Israel’s SiSense sees surging demand for data analytics software”. Reuters. Retrieved August 18, 2019.
  10. ^ a b Gage, Deborah (January 7, 2016). “Under New CEO, Sisense Raises $50M”. The Wall Street Journal. Dow Jones & Company, Inc. Retrieved August 12, 2021.
  11. ^ 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.
  12. ^ “Sisense Raises Another $80M to Continue Pushing The Limits of Data Extraction”. AlleyWatch. September 17, 2018.
  13. ^ “Data analytics firm Sisense raises $80 million, to accelerate hiring”. Reuters. September 12, 2018. Retrieved June 25, 2022.
  14. ^ a b Cohen, Tova (May 5, 2019). “Data analytics firm Sisense buys U.S. firm Periscope Data”. Reuters. Retrieved August 18, 2019.
  15. ^ a b Miller, Ron (May 14, 2019). “Sisense acquires Periscope Data to build integrated data science and analytics solution”. TechCrunch. Retrieved August 18, 2021.
  16. ^ Halon, Eytan (January 11, 2020). “Meet Sisense – Israel’s latest “unicorn”“. The Jerusalem Post. Jpost Inc. Retrieved August 18, 2021.
  17. ^ “Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months”. ctech. 2024-01-11. Retrieved 2024-03-01.
  18. ^ a b “Sisense Announces CEO Transition and Key Promotions; Hits Major Financial Milestones”. Sisense. Retrieved 2024-04-01.
  19. ^ a b Lunden, Ingrid (January 9, 2020). “Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics”. TechCrunch. Retrieved August 1, 2021.
  20. ^ a b c Adams, R. Dallon (May 4, 2021). “The 5 best data visualization tools for every business”. ZDNet. Retrieved August 1, 2021.
  21. ^ Olavsrud, Thor; Sayer, Peter (January 15, 2021). “Top 12 business intelligence (BI) tools for 2021”. CIO. Retrieved August 1, 2021.
  22. ^ “Sisense Pulse uses machine learning to trigger data anomaly alerts – TechCrunch”. techcrunch.com. Retrieved 2018-06-12.
  23. ^ Whiting, Rick (January 10, 2020). “Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap”. CRN. Retrieved October 10, 2021.