Israeli analytics platform for builders, Sisense, is raising between $100 to $120 million from Insight Partners at a value of $1.1 billion, according to Calcalist. Part of the amount invested by Insight will be used to buy shares and the remainder will be donated to the company’s fund.
The American venture capital and private equity firm based in New York City Insight becomes one of the most active investment funds in Israel after acquiring this week Aramis for $1 billion and negotiating investment with another startup Moon Active, the developer of Coin Master game. Both Aramis and Moon Active have become $1 billion worth of companies. The venture capital investing arm of billionaire industrialist Len Blavatnik’s Access Technology Ventures also took part in the investment round.
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Founded in 2010 by Guy Boyanjo, Aviad Harel, Adi Azaria, Eldad Farkash, and Elad Israeli, Sisense has raised $175 million to date. The company has developed a platform for enterprises that combines data discovery, analysis, and intelligence with extreme scalability. This is a hybrid cloud solution, which is considered very friendly and fast; It also allows users with no special training or background to get business insights in seconds. The platform allows access from any device and app through text, natural talk, chat and syncing to web stuff.
The company’s clients include Rolls Royce, Expedia, General Electric, Philips, NASDAQ, Accenture and Discount Bank. The company’s offices are located in Tel Aviv, New York, Arizona, Kyiv, and Tokyo.
The duplication of the Sisense value is also attributed to the acquisition made last May. The company then reported on the acquisition of the American Periscope Data company for over $100 million. As part of this deal, Periscope’s 150 employees have joined 550 Sisense employees, currently numbering about 800 worldwide, most of them in New York, Tel Aviv, and San Francisco. Founders Harry Glazer and Tom O’Neill became shareholders in Sisense.
Following the acquisition, the joint company reached an annual revenue of over $100 million per year and over 2,000 customers. Established in 2012, Periscope has raised $50 million from Bessemer and Eric Schmidt’s Innovation Endowment Fund.
The company’s existing investors are Insight, Bessemer, Terry Ventures, and Clal-Tech.