Sisense is a

business intelligence Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...

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headquartered in

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. It also has offices in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

, Scottsdale, and elsewhere.

History

Sisense was founded in 2004 in Tel Aviv, Israel, as a provider of business intelligence tools for small to midsize businesses. The company initially focused on research and development and did not formally publicize its products until 2010. Initial investors included venture capital firms

Genesis Partners Genesis Partners is an Israeli venture capital firm, founded in 1996 by Eddy Shalev and Eyal Kishon. Overview Genesis Partners investment strategy is focused on early-stage Israeli innovation-driven technology companies. The company invests in c ...

and Opus Capital and private investor Eli Farkash. By 2012, Sisense had raised $10 million and expanded its operations to the United States. That same year, Amit Bendov was appointed as the company's CEO. Series B and C financing followed in 2013 and 2014, respectively, at which point Sisense had raised $44 million.

TechCrunch TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately ...

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. By 2014, the company had opened an office in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, and nearly 70 percent of its sales were in the U.S. to clients including

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, and

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. In 2015, Amir Orad was appointed CEO, replacing Bendov. Orad previously served as CEO of

NICE Actimize NICE Ltd. () is an Israel-based company, specializing in contact center softwareNICE CXone, telephone voice recording, data security, surveillance, and Robotic Process Automation as well as systems that analyze recorded data. The company serves ...

. Series C and D funding followed in 2016 and 2018, respectively, bringing Sisense’s total funding to $174M over five rounds. In May 2019, Sisense acquired Periscope Data, a U.S.-based company specializing in advanced analytics and predictive modeling. The combined company represented more than $100 million in annual recurring revenue, over 2,000 customers, and more than 700 employees. With another round of funding in January 2020, Sisense reached a valuation exceeding $1 billion, often referred to as

unicorn The unicorn is a legendary creature that has been described since antiquity as a beast with a single large, pointed, spiraling horn projecting from its forehead. In European literature and art, the unicorn has for the last thousand years o ...

status. In February 2021, Sisense was listed as a “visionary” on the Gartner

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for analytics and business intelligence platforms. It was the fourth time the company had been featured on the list.

Technology

The company develops business intelligence software that allows users to access and analyze

big data Though used sometimes loosely partly because of a lack of formal definition, the interpretation that seems to best describe Big data is the one associated with large body of information that we could not comprehend when used only in smaller am ...

. The company's analytics suite, Sisense Fusion, uses

artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...

and

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

to analyze data. The platform allows users to customize their analytics dashboards and

data visualization Data and information visualization (data viz or info viz) is an interdisciplinary field that deals with the graphic representation of data and information. It is a particularly efficient way of communicating when the data or information is num ...

by industry and by a user's role within a business, respectively. The software can also alert users to anomalous results. In 2019, the company acquired

data science Data science is an interdisciplinary field that uses scientific methods, processes, algorithms and systems to extract or extrapolate knowledge and insights from noisy, structured and unstructured data, and apply knowledge from data across a br ...

software company Periscope Data, and renamed its software Sisense for Cloud Data Teams. As of 2021, the software platform integrates with platforms such as Adobe Analytics, AWS,

Microsoft Azure Microsoft Azure, often referred to as Azure ( , ), is a cloud computing platform operated by Microsoft for application management via around the world-distributed data centers. Microsoft Azure has multiple capabilities such as software as a ...

Synapse Analytics, and

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to provide users with the data input for analysis.

References

External links

* *{{Official website, http://www.sisense.com/ Business intelligence companies Data analysis software Business software Companies based in Tel Aviv Companies based in New York City Software companies of Israel

History

Technology

See also

References

External links