Sisense Raises $ 50 Million to Accelerate Data Analytics

by bold-lichterman

The amount

Sisense, an Israeli company specializing in data analysis, has just raised $ 50 million (around 46 million euros) as part of a funding round led by Bessemer Venture Partners. At the same time, the company announces that Amir Orad is joining the company as CEO.

The concept

Founded in 2005, Sisense develops BI (business intelligence) solutions which analyzes the data collected from several sources in order to make them understandable, which notably involves the creation of tables and visualizations.

The company, which targets businesses of all sizes, counts Samsung, eBay, Ikea and the American retail chain Target among its customers. In the end, Sisense claims more than a thousand consumers in some fifty countries.

The market

With this new investment, the company, which has more than 200 employees, wants to continue its efforts in innovation and strengthen its position internationally. Sisense, however, has to face competition from many players in the business intelligence market, such as the American Tableau Software or the French BIME, acquired by Zendesk.

CEO: Amir Orad

Offices: Tel Aviv (Israel), New York (United States)

Creation: 2005

Activity: data analysis

Funding: $ 50 million raised in January 2016

Competitor: Tableau Software

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