Total amount raised
$128.7 Millions
Latest funding date
09/01/2021
Location
Title
Sisu Data has built one of the fastest and most advanced engines for analyzing structured data in the cloud, leveraging machine learning systems to augment data analysis. The company recently announced a partnership with Snowflake to accelerate the future of data through ML-powered functions.
Keep reading to explore the intricacies of Sisu Data's fundraising journey and the investors backing this innovative platform.
What Is Sisu Data?
Sisu Data, founded by Peter Bailis, is a company specializing in machine learning systems for data analysis. Based in San Francisco, Sisu has developed one of the fastest and most advanced engines for analyzing structured data in the cloud.
Since its inception, Sisu has focused on augmenting data analysis through machine learning, making significant strides in the field. The company has grown to employ a dedicated team of experts, although the exact number of employees is not specified.
For more information, you can visit their official website.
How Much Funding Has Sisu Data Raised?
- Series A
- Amount Raised: $14,200,000
- Date: July 2018
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Sisu’s diagnostic analytics platform, enabling companies to understand why their business metrics are changing.
- Series B
- Amount Raised: $52,500,000
- Date: October 2019
- Lead Investors: NEA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The investment will fuel Sisu’s expansion in the rapidly growing operational analytics market. The funding coincides with the public launch of Sisu’s data analytics platform, aiming to help businesses understand what drives their key metrics and make data-driven decisions.
- Series C
- Amount Raised: $62,000,000
- Date: September 2021
- Lead Investors: Green Bay Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help businesses make better decisions by operationalizing data and to support the release of new products aimed at closing the decision gap.
Total Amount Raised: $128,700,000
Current Valuation: Not publicly disclosed
Key Investors
- Green Bay Ventures
- Details: Green Bay Ventures is a venture capital firm that invests in high-growth technology companies. They led Sisu Data's Series C funding round.
- Investment Focus Areas: Technology, early-stage companies, high-growth sectors.
- Notable Investments: Dropbox, Lyft, DocuSign.
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz is a private venture capital firm known for backing bold entrepreneurs building the future through technology. They participated in Sisu Data's Series C round and were early investors.
- Investment Focus Areas: AI, cloud computing, data.
- Notable Investments: Facebook, Airbnb, Databricks.
- NEA (New Enterprise Associates)
- Details: NEA is a venture capital firm that invests in technology and healthcare companies at all stages of growth. They led Sisu Data's Series B funding round.
- Investment Focus Areas: Technology, healthcare, growth-stage companies.
- Notable Investments: Uber, Coursera, Cloudflare.
- Geodesic Capital
- Details: Geodesic Capital is a venture capital firm that focuses on growth-stage technology companies. They joined as a new investor in Sisu Data's Series C round.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: Not specified.
- a16z Cultural Leadership Fund
- Details: The a16z Cultural Leadership Fund is a fund within Andreessen Horowitz aimed at connecting cultural leaders with the best new technology companies. They participated in Sisu Data's Series B funding round.
- Investment Focus Areas: Technology, cultural impact.
- Notable Investments: Lime, Hims, Hipcamp.
What's Next for Sisu Data?
As Sisu Data continues to grow, the opportunities ahead are vast. The company is poised to capitalize on the increasing reliance on real-time data analysis, helping businesses make informed decisions swiftly. With major clients like Mastercard and Samsung already on board, the potential market is substantial.
Future fundraising seems likely, given the strong investor interest and the company's rapid growth. However, challenges such as competition from other analytics platforms and the need for continuous innovation remain. Navigating these hurdles will be crucial as Sisu Data aims to maintain its edge in the evolving analytics landscape.
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