SiSense said Thursday that it has closed $30 million in financing. DFJ Growth led the round with participation from previous backers Battery Ventures, Genesis Partners and Opus Capital. In addition to the funding, Randy Glein, managing director at DFJ Growth, will join the SiSense board of directors. Based in New York City and Tel Aviv, SiSense is a provider of big data analytics.
New York, NY, June 12, 2014 – SiSense, a leader in big data analytics for non-technical business users, today announced $30 million in new financing led by prominent venture capital firm DFJ Growth, with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital.
“SiSense is leading a new generation of business intelligence and analytics applications with a technology that is robust and sophisticated yet simple to use,” said Randy Glein, DFJ Growth Managing Director, who is joining SiSense’s board of directors. “SiSense allows business users to take advantage of Big Data and make sense of it instantaneously by revolutionizing the way enterprises gather and analyze information. Customers rave about SiSense and its ability to easily integrate multiple data sources, scale far beyond competitive solutions, and be adopted directly by business users with little to no support needed from IT specialists. With its unique technology and experienced leadership team, SiSense has rapidly emerged as a leader by disrupting legacy approaches that simply can’t match the scale or performance of this powerful BI platform.”
“We are honored by DFJ Growth’s confidence in our ground-breaking approach to business analytics,” said Amit Bendov, CEO of SiSense. “DFJ Growth has a reputation for identifying leading companies with disruptive technologies, such as Box, DataStax, SolarCity, SpaceX, Tesla Motors, Twitter, Yammer and other visionary leaders in its portfolio. We look forward to continuing to disrupt the status quo and shake up the archaic world of BI.”
With hundreds of customers including Target, eBay, ESPN, Samsung and Wix, SiSense continues to aggressively expand customer acquisition worldwide. The latest round of funding will enable SiSense to expand its team, increase the company’s global footprint, and deliver technology that continues to challenge legacy Business Intelligence (BI) players.
Continued Hyper Growth
Last year was a banner year for the award-winning company, which registered triple-digit subscription revenue growth for the third consecutive year and opened its U.S. headquarters in New York City. SiSense is continuing its explosive growth in 2014, fortified by the introduction of SiSense 5, the first analytics solution enabling non-technical users to join multiple data sources, analyze billions of records and share interactive dashboards from any device, including mobile. 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.
“Many companies claim to tackle Big Data,” says Bendov. “What sets us apart is that we’re more than just a pretty face – as our motto states, we’re the whole package – brains, brawn and beauty. We provide a full-stack BI solution, with a powerful in-chip technology back-end, along with a beautiful front end that enables non-technical business users to create visualizations and share interactive dashboards on every device including smartphones and tablets.”
About DFJ Growth
DFJ is a venture capital firm that partners with extraordinary entrepreneurs who are changing the world. Since 1985, DFJ’s core funds have raised $4B, which has been deployed in more than 300 portfolio companies, including AdMob, Baidu, Box, Hotmail, Skype, Solarcity, SpaceX, Tesla Motors, Tumblr, Twitter and Yammer. DFJ works with companies at seed, early and growth stages, with the goal of partnering with entrepreneurs to build iconic and lasting businesses. DFJ Growth is the later stage investment practice at DFJ focused on investing in private technology companies that are addressing huge market opportunities, scaling very rapidly, and poised for category leadership. Learn more at dfj.com.
SiSense enables non-technical business users to easily join, analyze and visualize growing data sets from a multitude of structured and unstructured data sources. Powered by its unique In-Chip™ and Elasticube™ technologies – SiSense delivers unmatched performance, agility & value. With hundreds of customers in 49 countries, including global brands like Target and Samsung, SiSense was recently designated a hot company to watch by CIO, CRN and Information Management and recognized as one of the “10 Most Innovative IT Ventures” at Under the Radar. Its solution won the “Audience Choice” award at the O’Reilly Strata conference and its CTO Eldad Farkash won the World Technology Award for the invention of In-Chip analytics.