If there’s one word to describe business analytics software company Sisense, it’s “big” — big data, big clients, and now, a big round of funding.
The company just announced it raised an $80 million Series E, with participation from Insight Venture Partners, Battery Ventures, Bessemer Venture Partners, DFJ Venture Capital, Genesis Partners and Opus Capital. In addition to the investment, the company welcomes Zack Urlocker to its board of directors. Urlocker was previously the COO at Duo Security and Zendesk.
“Sisense has been able to attract really amazing employees and investors who provide not only money, but also contacts and expertise to help the company grow," said CEO Amir Orad. "Sisense is able to attract these high quality partners because there’s a general understanding that, given the mountains of data that are being produced by businesses, there is a growing need for technology that could extract the insights.”
Sisense has been able to attract really amazing employees and investors who provide not only money, but also contacts and expertise to help the company grow.”
The Sisense platform prepares, analyzes and visualizes big or disparate datasets and then provides insights that can be embedded anywhere — whether that’s on the web, in dedicated apps or even in IoT devices like Amazon Echo.
With $174 million in total funding, the company is positioned for success. It plans to use the investment to grow its workforce, specifically in the customer success and field engineering teams. Currently, Sisense has offices in New York, Tel Aviv, Scottsdale, Kiev and Tokyo, and will focus on growing the company internationally.
Sisense was founded in 2010 and has won a number of awards, including the World Technology Award for in-chip analytics in 2013, as well as the 2015 Total Cost of Ownership (TCOOTM) Supplier Award from Celestica and the 2016 Industry Excellence Award from Dresner. It serves customers, including Nasdaq, Philips and GE, in 186 countries around the world.