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 York – Sisense, 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”
About Sisense
Sisense empowers the builders of analytic apps with powerful tools to simplify complex data, and deliver insights to everyone inside or outside their organizations. Sisense lets builders collaborate on a single platform, delivered in a hybrid, cloud-native environment with the industry’s lowest cost of ownership, to create true democratization of data and analytics. Sisense has thousands of customers across the globe, which are the undisputed data leaders in their industries: Tinder and Flexport leverage Sisense for advanced analytics and data science on top of big cloud data sets, Philips and Nasdaq embed Sisense as the analytical engine of their products, and Salvation Army uses Sisense to rapidly build operational analytic apps to run the business leveraging complex data. The end result is a platform that makes it incredibly easy to mashup data from across the entire data landscape, and transform it into powerful actionable analytic apps that can be embedded anywhere. See why Sisense has been named a leading Visionary by Gartner, named a top company to work for in San Francisco and in New York and recognized for diversity by Forbes. Learn more at www.sisense.com.
Media Contact
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