January 8, 2015

Sisense Triples Revenue for Fourth Straight Year

Business Intelligence and Analytics startup continues upward trajectory with $30M Series C round, expansion to 50 countries and record number of new customers

New YorkSisense, a leader in big data analytics for business users, today announced that it has tripled subscription revenues for the fourth straight year as demand continues to accelerate globally for its full-stack business intelligence and analytics software. Bolstered by a $30 million Series C round, the company acquired a record number of new customers in a single quarter, tripled its North American headquarters on Wall Street and doubled the size of its R&D center in Tel Aviv, expanded to 50 countries, and fortified its executive staff with hires including a new vice president of sales, and its first channel chief.

“The business world is moving beyond ‘Excel 2.0’ data visualization products, as companies large and small realize they require a strong back-end to handle huge data sets coming from a multitude of sources,” says Sisense CEO Amit Bendov. “We saw incredible growth in 2014 with customers embracing our full-stack solution, which offers interactive dashboards paired with the power, speed and ease of use of our proprietary In-Chip technology, which far outruns traditional in-memory products.”

In 2014, Sisense also adopted a new look and signature. The rebranding included a website overhaul, new logo and graphic design, and a change in the company’s spelling from Sisense to Sisense. (Media kit with updated graphic images here)

New Financing, Executive Staff and Headquarters

  • $30M Series C round led by prominent venture capital firm DFJ Growth, with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital (June 2014)
  • Moved to larger North American headquarters on Wall Street to accommodate three-fold growth
  • Israel R&D center doubled in size
  • Named Jordan Christopher, Vice President of Sales of the Americas
  • Appointed Mark Ferretti, Vice President, Global Alliances & Channels, Sisense’s first channel chief

Soaring Global Demand

  • Triple growth for four straight years
  • Rapidly growing customer base across 50 countries, including global leaders Comcast, eBay, Sony, Booking.com
  • Posted record number of new customers in Q4

Technological Innovations

  • Introduced Sisense 5, the first analytics solution enabling non-technical users to analyze a billion records instantly on any mobile device. Sisense 5 overcomes the limitations of mobile business analytics with a back-end that scales to analyze terabytes of data, join multiple data sources, and share interactive dashboards from any device. Its back-end is powered by a proprietary In-Chip technology architecture that yields 100x more data scalability and 10x faster performance than in-memory architectures.

Awards and Recognition

  • Gartner “Cool Vendor in Analytics, 2014
  • CRN, “Emerging Vendors 2014”
  • Deloitte Fast 50 Israel “Rising Star”
  • Startup 50.com, “the Hottest Big Data Startups of 2014”
  • Database Trends and Applications, “Trend Setting Products”
  • ZDNet, “Vendor to Watch”
  • Datamation, “Top 20 Big Data>Companies”
  • The Marker, 40 Under 40 (Eldad Farkash, CTO and Co-founder)
  • Globes, “Most Promising Startups”

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