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Israeli Unicorn Sisense Flounders

Cybersecurity startup SAVVY raised $22 million.


Sisense- Amir Orad and Harry Glaser of Sisense, PR

Sisense, an Israeli startup and a unicorn that offers an analytics platform for builders, is laying off about 15% of its workforce, or 100 employees, reported Calcalist. At the same time, new Israeli cybersecurity startup SAVVY raised $22 million in a Series A round of investment led by Canaan after previously raising $8 million in a seed round.

Founded by CEO Guy Guzner, CTO Yoav Horman, CPO Eldar Kleiner, and Chief Architect David Ben Zakai, Savvy enables CISOs and security pros to support the safe adoption and use of business SaaS apps, by providing just-in-time security guardrails that enable users to make better decisions and automate security workflows that orchestrate the response to various events.

“Companies can have the highest security budgets and the best systems in place, but if you’re not reaching the end user at the point of decision, then history will continue to repeat itself,” said Savvy CEO Guy Guzner. “Our platform helps SecOps [security operations] gain full visibility and control over all user SaaS touchpoints, including sensitive information sharing in generative AI apps, and our suggestive guidance system helps users understand the risks as they happen and why they shouldn’t bypass security in favor of productivity.”

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Founded in 2010 by Guy Boyanjo, Aviad Harel, Adi Azaria, Eldad Farkash, and Elad Israeli, Sisense 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 have included 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.

Sisense hit unicorn status at the start of 2020, but then came the global financial crisis and in 2022 it was forced to let go of 200 employees.

Ariel Katz was appointed the firm’s new CEO just a few months ago.

The Sisense CEO explained the reasons behind the latest cutbacks telling Calcalist, “Like any responsible company during this period, and in order to maintain the growth and level of profitability that we have sustained for a significant period of time, we realized that efficiency measures are necessary within the company. We are committed to helping the employees who are leaving find their next workplace, and providing them with all the support they need during this challenging period.”



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