Sisense is a business analytics software company with offices in New York City, Tel Aviv, and Scottsdale, Arizona. Its business intelligence product includes both a back-end powered by in-chip technology that enables non-technical users to join and analyse large data sets from multiple sources, and a front-end for creating visualizations, like dashboards and reports, on any device, including mobile.
Sisense was founded in 2004 in Tel Aviv by Elad Israeli, Eldad Farkash, Aviad Harell, Guy Boyangu and Adi Azaria. The company worked in stealth mode on research and development until 2010, when initial investors, including Genesis Partners, Opus Capital and Eli Farkash, provided $4 million in Series A financing.
Amit Bendov was appointed CEO in July 2012. In April 2013, Sisense announced a $10 million series B funding round led by Battery Ventures, with participation from Genesis Partners and Opus Capital. In June 2014, new investor Draper Fisher Jurvetson Growth (DFJ Growth) led a $30 million series C funding round with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital.
In February 2013, as the first company in CrunchBase's "Developer Spotlight Program," Sisense analysed 10 years of CrunchBase data in a public interactive investment dashboard dubbed CrunchAnalytics. By analysing a decade's worth of data about 100,000 companies, the dashboard provides the public with a research tool that enables users to query the data by different categories to see trends in investment over the past ten years.
In 2015, Amir Orad was appointed CEO. Orad previously served as CEO of NICE Actimize. In January 2016, the company announced a new $50 million funding round led by Bessemer Venture Partners, with participation by Battery Ventures, Draper Fisher Jurvetson, Genesis Partners and Opus Capital.
In April 2013, Sisense introduced an alternative to in-memory technology called In-Chip analytics, designed to maximise the disk, memory and CPU with resulting low latency.
In May 2013, Sisense unveiled Prism 10X, which allows users to analyse 100 times more data at 10 times the speed of in-memory solutions. The company’s In-Chip Analytics technology couples a columnar database with smart algorithms that use the in-chip cache, RAM or disc as needed instead of relying solely on RAM or disk.
In October 2013, Sisense introduced Crowd Accelerated BI, a technology that allows companies to scale users by providing faster query results as load increases and scale to thousands of simultaneous users on a single box.
Each query is broken down to its basic components, which then helps the software decide which data to store on disc and which data to bring to memory. As more queries are catalogued, the software is able to more quickly recognise future similar queries and call up relevant data.
In April 2014 the company launched Sisense 5, a redesign of Prism which included improvements such e-mail push notifications and the ability to analyse big data over tablets and smartphones.
Awards and industry recognition
- Ventana Research 2015 Technology Innovation Award for Business Intelligence
- Deloitte Technology Fast 500
- Gartner Cool Vendor in Analytics, June 2014
- Winner, New York City's "Take the H.E.L.M." competition
- O'Reilly Strata conference's "Startup Showcase" Audience Choice Award
- Frost & Sullivan's "North American Product Innovation of the Year”
- Under the Radar, 10 Most Innovative New IT Ventures