Welcome!

News Feed Item

SiSense Announces $30M in Series C Financing to Further Fuel Explosive Growth and Spread New Paradigm for Business Intelligence

New Investor DFJ Growth Leads Round on Heels of Triple-Digit Growth for Third Consecutive Year and Mounting Demand for Trailblazing High-Performance Business Analytics Solution

NEW YORK, NY -- (Marketwired) -- 06/12/14 -- SiSense, a leader in big data analytics for 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.

About SiSense
SiSense enables 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.

Media kit: http://www.sisense.com/sisense-media-kit/

Media contacts:
Leron Kornreich
Email Contact
+1-415-937-1724

Wendy Grubow
Siliconvpr.com
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...