Published On: Sun, Jun 15th, 2014

Israel’s Big Data Startup SiSense Raises $30 Million

SiSense announced that it has raised another $30 million in capital.

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Israeli big data startup SiSense has announced that it raised $30 million in new financing. The investors were led by the prominent venture capital firm DFJ Growth, with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital.

In a statement the company said that the new funds would help as it, “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.”

DFJ Growth’s Managing Director Randy Glein who will be joining the board of Sisense said of the company, “SiSense is leading a new generation of business intelligence and analytics applications with a technology that is robust and sophisticated yet simple to us. 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.”

SiSense’s Chief Executive Officer Amit Bendov said, “We are honored by DFJ Growth’s confidence in our ground-breaking approach to business analytics. 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.

“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.”

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, the company delivers performance, agility and value. It has hundreds of customers in 49 countries, including global brands like Target and Samsung.

The company says that its “secret sauce” is the technology behind SiSense that’s designed for business users, without dependence on coding, IT or data scientists. SiSense provides a centralized database on standard hardware, and serves more queries, more users, and more data than any other BI tool on the market.

With its headquarters in Tel Aviv, SiSense was founded in 2010 by current CPO Elad Israeli, current CTO Eldad Farkash, Aviad Harell, Guy Boyangu and Adi Azaria.

DFJ is a venture capital firm established in 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.

 

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