Sisense
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{{Short description|Business software company}}
{{Infobox company
| name = Sisense Inc.
| logo = Sisense-logo.png
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| type = Private
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| foundation = {{start date|2004}}
| founders = {{unbulleted list|Elad Israeli|Eldad Farkash|Aviad Harell|Guy Boyangu|Adi Azaria}}
| key_people = {{unbulleted list|Ariel Katz, CEO|}}
| location_city = New York City, United States
| locations = 8
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| industry = Software
| products = {{nowrap|Business intelligence tools
Data visualization tools
Analytics tools
Big data tools}}
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| revenue = {{increase}} $100 million{{cite news |last1=Lunden |first1=Ingrid |title=Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics |url=https://techcrunch.com/2020/01/09/sisense-nabs-another-100m-at-a-1b-valuation-for-its-big-data-business-analytics-solutions/ |access-date=9 January 2020 |date=January 9, 2020}}
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| num_employees = Over 800
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| website = {{URL|http://www.sisense.com/}}
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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.{{cite news |last1=Avidon |first1=Eric |title=News Writer |url=https://searchbusinessanalytics.techtarget.com/news/252496048/Sisense-analytics-suite-renamed-to-reflect-embedded-BI-focus |access-date=9 February 2021 |publisher=TechTarget |date=9 February 2021}}{{cite news |last1=MTS |first1=Staff Writer |title=Sisense Unveils AI-Driven Analytics Platform to Make Data Analytics Simple, Scalable and Actionable |url=https://martechseries.com/analytics/sisense-unveils-ai-driven-analytics-platform-to-make-data-analytics-simple-scalable-and-actionable/ |access-date=10 February 2021 |publisher=MarTechSeries |date=10 February 2021}}
History
Sisense was founded in 2004 in Tel Aviv, Israel, as a provider of business intelligence tools for small to midsize businesses.{{cite news |first=Inbal |last=Orpaz |date=December 17, 2012 |title=Israeli start-up makes big data bite-sized |url=http://www.haaretz.com/business/start-up-of-the-week/israeli-start-up-makes-big-data-bite-sized.premium-1.485070 |work=Haaretz |access-date=August 12, 2021}}{{cite news |last=Nathan |first=Eddy |date=August 11, 2009 |title=SiSense Offers Business Intelligence Tools for Cost-Conscious Companies |work=eWeek |publisher=Quinstree |quote=SiSense, a provider of business intelligence tools for small to midsize businesses[.] |url=https://www.eweek.com/small-business/sisense-offers-business-intelligence-tools-for-cost-conscious-companies/ |access-date=August 30, 2021}} 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 and Opus Capital and private investor Eli Farkash.{{cite news |last=Goldenberg |first=Roy |title=Big data analytics co SiSense raises $8m |date=November 28, 2012 |url=https://en.globes.co.il/en/article-1000801882 |work=Globes |access-date=August 18, 2021}}
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 new CEO.{{cite web |title=Amit Bendov |url=https://www.bloomberg.com/profile/person/3465806 |website=www.bloomberg.com |access-date=28 December 2021}} Series B and C financing followed in 2013 and 2014, respectively, at which point Sisense had raised $44 million.{{cite news
|title=Sisense Raises $30M More To Bring Big Data Analytics To Businesspeople |date=June 12, 2014
|first=Ingrid |last=Lunden |url=https://techcrunch.com/2014/06/12/sisense-raises-30m-more-to-take-big-data-analytics-to-businesspeople/ |work=TechCrunch |access-date=August 12, 2021 }}{{cite news |title='Big Data for Little Computers' Firm Sisense Raises $30 Million |date=June 12, 2014 |first=Orr |last=Hirschauge |work=The Wall Street Journal |publisher= Dow Jones & Company, Inc |url=https://blogs.wsj.com/digits/2014/06/12/big-data-for-little-computers-firm-sisense-raises-30-million/ |access-date=August 18, 2021}} 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. By 2014, the company had opened an office in New York and about 70 percent of its sales were in the U.S.{{cite news |last=Cohen |first=Tova |title=Israel's SiSense sees surging demand for data analytics software |work=Reuters |date=May 27, 2014 |url=https://www.reuters.com/article/us-sisense-software/israels-sisense-sees-surging-demand-for-data-analytics-software-idUSKBN0E71M320140527 |access-date=August 18, 2019}}
In 2015, Amir Orad was appointed CEO, replacing Bendov.{{cite news |last=Gage |first=Deborah |date=January 7, 2016 |title=Under New CEO, Sisense Raises $50M |url=https://www.wsj.com/articles/BL-VCDB-18382 |work=The Wall Street Journal |publisher=Dow Jones & Company, Inc. |access-date=August 12, 2021}} Orad previously served as CEO of NICE Actimize.{{cite news |last=Shulman |first=Sophie |date=September 2, 2020 |title=Valuation Is a Milestone, Not a Cause for Celebration, Says Sisense CEO |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3791531,00.html |work=Calcalist |publisher=Yedioth Ahronoth Group |access-date=August 12, 2021}} Series C and D funding followed in 2016 and 2018 respectively, bringing Sisense’s total funding to $174M over five rounds.{{cite news |title=Sisense Raises Another $80M to Continue Pushing The Limits of Data Extraction |work=AlleyWatch |date=September 17, 2018 |url=https://www.alleywatch.com/2018/09/sisense-raises-another-80m-to-continue-pushing-the-limits-of-data-extraction/}}{{cite web|url=https://www.reuters.com/article/us-tech-sisense-fundraising-idUSKCN1LS22C|title=Data analytics firm Sisense raises $80 million, to accelerate hiring|website=Reuters|date=September 12, 2018|access-date=June 25, 2022}}
In May 2019, Sisense acquired Periscope Data, a U.S. based company specializing in advanced analytics and predictive modeling.{{cite news |last=Cohen |first=Tova |title=Data analytics firm Sisense buys U.S. firm Periscope Data |work=Reuters |date=May 5, 2019 |url=https://www.reuters.com/article/us-periscope-data-m-a-sisense/data-analytics-firm-sisense-buys-u-s-firm-periscope-data-idUSKCN1SL1AQ |access-date=August 18, 2019}}{{cite news |last=Miller |first=Ron |date=May 14, 2019 |title=Sisense acquires Periscope Data to build integrated data science and analytics solution |work=TechCrunch |access-date=August 18, 2021 |url=https://techcrunch.com/2019/05/14/sisense-acquires-periscope-data-to-build-integrated-data-science-and-analytics-solution/}} 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 status.{{cite news |last=Halon |first=Eytan |date=January 11, 2020 |title=Meet Sisense - Israel's latest "unicorn" |work=The Jerusalem Post |publisher=Jpost Inc. |url=https://www.jpost.com/jpost-tech/meet-sisense-israels-latest-unicorn-613797 |access-date=August 18, 2021}}
In 2022, Sisense began a series of massive layoffs, firing half of the company.{{Cite web |date=2024-01-11 |title=Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months |url=https://www.calcalistech.com/ctechnews/article/ryujxxtoa |access-date=2024-03-01 |website=ctech |language=en}}
In April 2023, Ariel Katz was appointed CEO, replacing Orad.{{Cite web |title=Sisense Announces CEO Transition and Key Promotions; Hits Major Financial Milestones |url=https://www.sisense.com/press-release/sisense-announces-ceo-transition-key-promotions/ |access-date=2024-04-01 |website=Sisense |language=en}} Katz previously served as Sisense’s Chief Products and Technology Officer (CPTO) and General Manager of Israel.
Technology
The company develops business intelligence software that allows users to access and analyze big data.{{Cite news| last = Lunden| first = Ingrid| title = Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics| work = TechCrunch| date =January 9, 2020 | url = https://techcrunch.com/2020/01/09/sisense-nabs-another-100m-at-a-1b-valuation-for-its-big-data-business-analytics-solutions/ |access-date=August 1, 2021}}
The company's analytics suite, Sisense Fusion, uses artificial intelligence and machine learning to analyze data.{{Cite news| last = Adams| first = R. Dallon| title = The 5 best data visualization tools for every business| work = ZDNet| date =May 4, 2021| url = https://www.zdnet.com/article/the-5-best-data-visualization-tools-for-every-business/ |access-date=August 1, 2021}} The platform allows users to customize their analytics dashboards and data visualization by industry and by a user's role within a business.{{Cite news |last1=Olavsrud |first1=Thor |last2=Sayer |first2=Peter |date=January 15, 2021 |title=Top 12 business intelligence (BI) tools for 2021 |work=CIO |url=https://www.cio.com/article/3322749/top-business-intelligence-bi-tools.html |access-date=August 1, 2021}} The software can also alert users to anomalous results.{{Cite web|url=https://techcrunch.com/2017/04/12/sisense-pulse-uses-machine-learning-to-trigger-data-anomaly-alerts/|title=Sisense Pulse uses machine learning to trigger data anomaly alerts – TechCrunch|website=techcrunch.com|language=en-US|access-date=2018-06-12}}
In 2019, the company acquired data science software company Periscope Data, and renamed its software Sisense for Cloud Data Teams.{{Cite news| last = Whiting| first = Rick| title = Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap| work = CRN| date =January 10, 2020| url = https://www.crn.com/news/applications-os/big-data-developer-sisense-raises-100-million-in-financing-hits-1-billion-market-cap?itc=refresh |access-date=October 10, 2021}}
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.
See also
References
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External links
- {{commonscatinline}}
- {{Official website|http://www.sisense.com/}}
Category:Business intelligence companies
Category:Data analysis software
Category:Companies based in Tel Aviv