{{Advert|date=January 2023}} {{Short description|Business software company}} {{Infobox company | name = Sisense Inc. | logo = Sisense Logo Full.png | logo_size = | trading_name = | native_name = | native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang|[code]|[name]}}. --> | romanized_name = | former_name = | type = Private | traded_as = | ISIN = | foundation = {{start date|2004}} | founders = {{unbulleted list|Elad Israeli|Eldad Farkash|Aviad Harell|Guy Boyangu|Adi Azaria}} | key_people = {{unbulleted list|Ariel Katz, CEO|}} | location_city = New York City, United States | locations = 8 | area_served = | industry = Software | products = {{nowrap|Business intelligence tools<br>Data visualization tools<br>Analytics tools<br>Big data tools}} | brands = | production = | services = | revenue = {{increase}} $100 million<ref>{{cite news |last1=Lunden |first1=Ingrid |title=Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics |url=https://techcrunch.com/2020/01/09/sisense-nabs-another-100m-at-a-1b-valuation-for-its-big-data-business-analytics-solutions/ |access-date=9 January 2020 |date=January 9, 2020}}</ref> | operating_income = | net_income = | assets = | equity = | owner = <!-- or: | owners = --> | members = | num_employees = Over 800 | parent = | divisions = | website = {{URL|http://www.sisense.com/}} | footnotes = }}
'''''Sisense''''' is an American business intelligence software company headquartered in New York City, United States. It also has offices in San Francisco, Scottsdale and in other locations.<ref>{{cite news |last1=Avidon |first1=Eric |title=News Writer |url=https://searchbusinessanalytics.techtarget.com/news/252496048/Sisense-analytics-suite-renamed-to-reflect-embedded-BI-focus |access-date=9 February 2021 |publisher=TechTarget |date=9 February 2021}}</ref>
== History == Sisense was founded in 2004 in Tel Aviv, Israel, as a provider of business intelligence tools for small to midsize businesses.<ref name=Haaretz>{{cite news |first=Inbal |last=Orpaz |date=December 17, 2012 |title=Israeli start-up makes big data bite-sized |url=https://www.haaretz.com/israel-news/business/2012-12-17/ty-article/.premium/start-up-sisense-makes-big-data-bite-sized/0000017f-f01e-dc28-a17f-fc3f953a0000 |work=Haaretz |access-date=August 12, 2021}}</ref><ref name=Eddy>{{cite news |last=Nathan |first=Eddy |date=August 11, 2009 |title=SiSense Offers Business Intelligence Tools for Cost-Conscious Companies |work=eWeek |publisher=Quinstree |quote=SiSense, a provider of business intelligence tools for small to midsize businesses[.] |url=https://www.eweek.com/small-business/sisense-offers-business-intelligence-tools-for-cost-conscious-companies/ |access-date=August 30, 2021}}</ref> The company initially focused on research and development and did not formally publicize its products until 2010.<ref name=Haaretz/> Initial investors included venture capital firms Genesis Partners and Opus Capital and private investor Eli Farkash.<ref name=Haaretz/><ref name=Globes>{{cite news |last=Goldenberg |first=Roy |title=Big data analytics co SiSense raises $8m |date=November 28, 2012 |url=https://en.globes.co.il/en/article-1000801882 |work=Globes |access-date=August 18, 2021}}</ref>
By 2012, Sisense raised $10 million and expanded its operations to the United States.<ref name=Haaretz/><ref name=TechCrunchJune14 /> That same year, Amit Bendov was appointed as the company's new CEO.<ref>{{cite web |title=Amit Bendov |url=https://www.bloomberg.com/profile/person/3465806 |website=www.bloomberg.com |access-date=28 December 2021}}</ref> Series B and C financing followed in 2013 and 2014, respectively, at which point Sisense had raised $44 million.<ref name=TechCrunchJune14>{{cite news |title=Sisense Raises $30M More To Bring Big Data Analytics To Businesspeople |date=June 12, 2014 |first=Ingrid |last=Lunden |url=https://techcrunch.com/2014/06/12/sisense-raises-30m-more-to-take-big-data-analytics-to-businesspeople/ |work=TechCrunch |access-date=August 12, 2021 }}</ref><ref name=WSJjune14>{{cite news |title='Big Data for Little Computers' Firm Sisense Raises $30 Million |date=June 12, 2014 |first=Orr |last=Hirschauge |work=The Wall Street Journal |publisher= Dow Jones & Company, Inc |url=https://blogs.wsj.com/digits/2014/06/12/big-data-for-little-computers-firm-sisense-raises-30-million/ |access-date=August 18, 2021}}</ref> TechCrunch noted that Sisense's growth and funding during this period reflected the degree to which it made big data analytics accessible to ordinary business users.<ref name=TechCrunchJune14/> By 2014, the company had opened an office in New York and about 70 percent of its sales were in the U.S.<ref name=Cohen>{{cite news |last=Cohen |first=Tova |title=Israel's SiSense sees surging demand for data analytics software |work=Reuters |date=May 27, 2014 |url=https://www.reuters.com/article/us-sisense-software/israels-sisense-sees-surging-demand-for-data-analytics-software-idUSKBN0E71M320140527 |access-date=August 18, 2019}}</ref><ref name=WSJjune14/>
In 2015, Amir Orad was appointed CEO, replacing Bendov.<ref name=Gage>{{cite news |last=Gage |first=Deborah |date=January 7, 2016 |title=Under New CEO, Sisense Raises $50M |url=https://www.wsj.com/articles/BL-VCDB-18382 |work=The Wall Street Journal |publisher=Dow Jones & Company, Inc. |access-date=August 12, 2021}}</ref> Orad previously served as CEO of NICE Actimize.<ref name=Shulman>{{cite news |last=Shulman |first=Sophie |date=September 2, 2020 |title=Valuation Is a Milestone, Not a Cause for Celebration, Says Sisense CEO |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3791531,00.html |work=Calcalist |publisher=Yedioth Ahronoth Group |access-date=August 12, 2021}}</ref> Series C and D funding followed in 2016 and 2018 respectively, bringing Sisense’s total funding to $174M over five rounds.<ref name=Gage/><ref name=80funding>{{cite news |title=Sisense Raises Another $80M to Continue Pushing The Limits of Data Extraction |work=AlleyWatch |date=September 17, 2018 |url=https://www.alleywatch.com/2018/09/sisense-raises-another-80m-to-continue-pushing-the-limits-of-data-extraction/}}</ref><ref>{{cite web|url=https://www.reuters.com/article/us-tech-sisense-fundraising-idUSKCN1LS22C|title=Data analytics firm Sisense raises $80 million, to accelerate hiring|website=Reuters|date=September 12, 2018|access-date=June 25, 2022}}</ref>
In May 2019, Sisense acquired Periscope Data, a U.S. based company specializing in advanced analytics and predictive modeling.<ref name=ReutersPeriscope>{{cite news |last=Cohen |first=Tova |title=Data analytics firm Sisense buys U.S. firm Periscope Data |work=Reuters |date=May 5, 2019 |url=https://www.reuters.com/article/us-periscope-data-m-a-sisense/data-analytics-firm-sisense-buys-u-s-firm-periscope-data-idUSKCN1SL1AQ |access-date=August 18, 2019}}</ref><ref name=RonMiller>{{cite news |last=Miller |first=Ron |date=May 14, 2019 |title=Sisense acquires Periscope Data to build integrated data science and analytics solution |work=TechCrunch |access-date=August 18, 2021 |url=https://techcrunch.com/2019/05/14/sisense-acquires-periscope-data-to-build-integrated-data-science-and-analytics-solution/}}</ref> The combined company represented more than $100 million in annual recurring revenue, over 2,000 customers, and more than 700 employees.<ref name=ReutersPeriscope/><ref name=RonMiller/> With another round of funding in January 2020, Sisense reached a valuation exceeding $1 billion, often referred to as unicorn status.<ref name=Halon>{{cite news |last=Halon |first=Eytan |date=January 11, 2020 |title=Meet Sisense - Israel's latest "unicorn" |work=The Jerusalem Post |publisher=Jpost Inc. |url=https://www.jpost.com/jpost-tech/meet-sisense-israels-latest-unicorn-613797 |access-date=August 18, 2021}}</ref>
In 2022, Sisense began a series of massive layoffs, firing half of the company.<ref>{{Cite web |date=2024-01-11 |title=Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months |url=https://www.calcalistech.com/ctechnews/article/ryujxxtoa |access-date=2024-03-01 |website=ctech |language=en}}</ref>
In April 2023, Ariel Katz was appointed CEO, replacing Orad.<ref name=":0">{{Cite web |title=Sisense Announces CEO Transition and Key Promotions; Hits Major Financial Milestones |url=https://www.sisense.com/press-release/sisense-announces-ceo-transition-key-promotions/ |access-date=2024-04-01 |website=Sisense |language=en}}</ref> Katz previously served as Sisense’s Chief Products and Technology Officer (CPTO) and General Manager of Israel.<ref name=":0" />
== Technology == The company develops business intelligence software that allows users to access and analyze big data.<ref name=Lunden>{{Cite news| last = Lunden| first = Ingrid| title = Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics| work = TechCrunch| date =January 9, 2020 | url = https://techcrunch.com/2020/01/09/sisense-nabs-another-100m-at-a-1b-valuation-for-its-big-data-business-analytics-solutions/ |access-date=August 1, 2021}}</ref>
The company's analytics suite, Sisense Fusion, uses artificial intelligence and machine learning to analyze data.<ref name=Adams>{{Cite news| last = Adams| first = R. Dallon| title = The 5 best data visualization tools for every business| work = ZDNet| date =May 4, 2021| url = https://www.zdnet.com/article/the-5-best-data-visualization-tools-for-every-business/ |access-date=August 1, 2021}}</ref><ref name=Lunden/> The platform allows users to customize their analytics dashboards and data visualization by industry and by a user's role within a business.<ref name=Adams/><ref name="Sayer&Olavsrud">{{Cite news |last1=Olavsrud |first1=Thor |last2=Sayer |first2=Peter |date=January 15, 2021 |title=Top 12 business intelligence (BI) tools for 2021 |work=CIO |url=https://www.cio.com/article/3322749/top-business-intelligence-bi-tools.html |access-date=August 1, 2021}}</ref> The software can also alert users to anomalous results.<ref>{{Cite web|url=https://techcrunch.com/2017/04/12/sisense-pulse-uses-machine-learning-to-trigger-data-anomaly-alerts/|title=Sisense Pulse uses machine learning to trigger data anomaly alerts – TechCrunch|website=techcrunch.com|language=en-US|access-date=2018-06-12}}</ref>
In 2019, the company acquired data science software company Periscope Data, and renamed its software Sisense for Cloud Data Teams.<ref name=Whiting2>{{Cite news| last = Whiting| first = Rick| title = Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap| work = CRN| date =January 10, 2020| url = https://www.crn.com/news/applications-os/big-data-developer-sisense-raises-100-million-in-financing-hits-1-billion-market-cap?itc=refresh |access-date=October 10, 2021}}</ref>
As of 2021, the software platform integrates with platforms such as Adobe Analytics, AWS, Microsoft Azure Synapse Analytics, and Snowflake to provide users with the data input for analysis.<ref name=Adams/>
==See also== *Science and technology in Israel
== References == {{reflist}}
== External links == *{{commonscatinline}} *{{Official website|http://www.sisense.com/}}
Category:Business intelligence companies Category:Data analysis software Category:Business software Category:Companies based in Tel Aviv Category:Companies based in New York City Category:Software companies of Israel