Total amount raised
$274.7 Millions
Latest funding date
1/1/2020
Location
Sisense has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The platform specializes in intelligent data analytics, offering solutions that transform raw data into actionable insights.
Keep reading to explore the intricacies of Sisense's fundraising journey and the investors backing this innovative platform.
What Is Sisense?
Sisense, founded in 2004, is headquartered in New York City. The company was established by Elad Israeli, Eldad Farkash, and Adi Azaria. Specializing in data analytics software, Sisense empowers businesses to transform complex data into actionable insights.
With a focus on embedding analytics into applications, Sisense's AI-powered platform supports cloud analytics, data modeling, and generative AI. The company aims to bridge the gap between data and decision-making, enabling users to build data-rich products and accelerate innovation.
Today, Sisense employs over 800 people, driving its mission to deliver integrated analytics experiences and decision intelligence across various industries. The platform's capabilities include composable analytics, data connectivity, and robust security features.
How Much Funding Has Sisense Raised?
- Series A
- Amount Raised: $4M
- Date: September 2010
- Lead Investors: Opus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and expand the team.
- Series B
- Amount Raised: $10M
- Date: April 2013
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series C
- Amount Raised: $30M
- Date: June 2014
- Lead Investors: DFJ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and product development.
- Venture Round
- Amount Raised: $741K
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational costs and minor expansions.
- Series D
- Amount Raised: $50M
- Date: January 2016
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global reach and invest in new technologies.
- Series E
- Amount Raised: $80M
- Date: September 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and enhance the platform's capabilities.
- Series F
- Amount Raised: $100M
- Date: January 2020
- Lead Investors: Insight Partners
- Valuation at Round: $1.1 billion
- Motivation Behind the Round: To bolster sales, marketing, and development efforts, and to increase market share.
Total Amount Raised: $274.741M. Current Valuation: $1.1 billion.
Key Investors
- Insight Partners
- Details: Insight Partners is a New York-based venture capital and private equity firm. They are known for investing in high-growth technology and software companies.
- Investment Focus Areas: Technology, software, enterprise solutions.
- Notable Investments: Twitter, Shopify, DocuSign.
- Access Industries (via Claltech)
- Details: Access Industries is a privately held industrial group founded by Len Blavatnik. Claltech is their Israeli investment vehicle focusing on technology ventures.
- Investment Focus Areas: Technology, media, consumer goods.
- Notable Investments: Warner Music Group, Alibaba, Facebook.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that invests in early to growth-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Pinterest, Shopify.
- Battery Ventures
- Details: Battery Ventures is a venture capital and private equity firm that invests in technology and innovation-driven companies. They support companies at various stages of growth.
- Investment Focus Areas: Technology, software, innovation.
- Notable Investments: Nutanix, Coupa, Glassdoor.
- DFJ Growth
- Details: DFJ Growth is a venture capital firm focusing on high-growth technology companies. They are known for backing some of the most innovative companies in the tech industry.
- Investment Focus Areas: Technology, high-growth startups.
- Notable Investments: SpaceX, Tesla, Box.
What's Next for Sisense?
Sisense stands at the cusp of significant opportunities, driven by the increasing demand for accessible and digestible data analytics. With over $100 million in recent funding, the company is poised to enhance its technology, expand its market reach, and bolster its sales and marketing efforts. The merger with Periscope Data further strengthens its position, offering a unified platform that caters to a diverse range of industries.
Future fundraising opportunities seem promising as Sisense continues to demonstrate growth and innovation. The company's high valuation and strong investor backing suggest potential for additional rounds of funding. However, challenges such as integrating new technologies, maintaining rapid growth, and staying ahead in a competitive market will require continuous innovation and strategic planning.
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