Israeli business analytics company Sisense has raised $80 million in a Series E financing round led by Insight Venture Partners and with the participation of previous investors. With this latest financing round, the company has raised $200 million.
Sisense is disrupting the business intelligence market by simplifying business analytics for complex data, allowing visual analysis and presentation of all types of enterprise data for companies of every size. The systems developed by the company are designed to make it easier to immediately discern information despite large amounts of data.
Even before the latest financing round, Sisense stood out as one of Israel's most valuable startups with a company valuation of between $650 million and $900 million.
With offices in Ramat Gan and New York, Sisense was founded in 2004 and has 450 employees.
Sisense CEO Amir Orad said, "Every business is facing the challenge of extracting relevant and accurate insights from ever-growing amounts of data and data sources. This round will allow us to accelerate our aggressive hiring, increase our global footprint, boost our cloud offering, and make additional investments in our Machine Learning and Artificial Intelligence (AI) labs that are the core of our In-Chip™ technology and analytics platform agility."
Sisense’s innovative analytics platform has earned a loyal base of thousands of clients across dozens of industries, ranging from innovative startups to global Fortune 50 brands. Leading companies such as GE, Nasdaq, Philips, and Oppenheimer have leveraged Sisense’s market-leading analytics for some time and the company continues to add notable customers including TIAA, Rolls Royce, Air Canada, Accenture, Expedia’s Egencia and Mazda.
Sisense takes a radically different approach to business analytics, with an agile hybrid-cloud solution that allows business users with no special background to get critical intelligence at the moment it is needed. Sisense is a comprehensive platform that covers every step of business intelligence - from data preparation and mashup to discovery of insights in seconds. Sisense embeds these insights and allow them to be consumed everywhere - on the web and mobile, in dedicated apps and products, via voice or chat, using natural human language or IoT devices. The product is designed to make the insights embedded everywhere and available at the right place, and the right time.
Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2018
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