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 ...

software company A software company is a company whose primary products are various forms of software, software technology, distribution, and software product development. They make up the software industry. Types There are a number of different types of soft ...

headquartered in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

. 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 ...

and

Opus Capital Opus Capital is a venture capital firm focusing on early stage investments in information technology in the United States and Israel. Opus Capital has more than $1 billion under management and is currently investing from its sixth fund. Over ...

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 approximat ...

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. 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 Classical antiquity, antiquity as a beast with a single large, pointed, spiraling horn (anatomy), horn projecting from its forehead. In European literature and art, the unicor ...

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

Magic Quadrant Magic Quadrant (MQ) is a series of market research reports published by IT consulting firm Gartner that rely on proprietary qualitative data analysis methods to demonstrate market trends, such as direction, maturity and participants. Their analys ...

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. 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 r ...

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 nume ...

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 bro ...

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 Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis. These cloud computing web services provide di ...

, Microsoft Azure Synapse Analytics, and

Snowflake A snowflake is a single ice crystal that has achieved a sufficient size, and may have amalgamated with others, which falls through the Earth's atmosphere as snow.Knight, C.; Knight, N. (1973). Snow crystals. Scientific American, vol. 228, no. ...

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