Yesterday, Sisense announced that it has closed $50-million in Series D funding to further disrupt the $33-billion dollar enterprise Business Intelligence market by simplifying business analytics for complex data with its innovative In-Chip analytics technology. Sisense has grown its revenue by more than 100 percent for five-straight years, and added hundreds of new customers in 2015. In addition, Sisense is expanding existing customer relationships in such a way that it has delivered consecutive quarters of greater than 100 percent net renewal from its existing customer base. The funding round was led by Bessemer Venture Partners.
Amir Orad, CEO at Sisense notes: “The only way to translate data into business value quickly and cost effectively is to put the power of data directly into the hands of business decision makers and give them the agility and independence they need. That is what Sisense does better than anyone else in the market. This investment enables us to expand operations more quickly and accelerate our innovation in the business analytics market.”
According to Sisense, this new funding round will be used to continue investing in innovation, focused on simplifying analytics for large multi-source datasets, while rapidly expanding business operations in support of Sisense’s global growth.”
Sisense serves more than a thousand clients in over 50 countries, including Motorola, eBay. and Time Warner Cable. Sisense received numerous awards in 2015, including Ventana Research’s 2015 Information Technology Innovation Award for Business Intelligence and Frost & Sullivan’s Customer Value Leadership Award for BI.
In November, Sisense released version 6.0 of their flagship analytics software, expanding the company’s advanced analytics capabilities, as well as furthers the platform’s ability to integrate across the business analytics ecosystem. Read our coverage of that product release.
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