Leading Business Intelligence firm Sisense announced on Thursday that they closed a Series D funding round, pulling in an impressive $50 million in new financing. New investor Bessemer Venture Partners (BVP) led the round, joined with previous participants from their Series C in 2014 where they raised $30 million, including Battery Ventures, Opus Capital, and Genesis Partners.
Active in 50 countries, Sisense has its headquarters in New York City while maintaining their R&D facilities in Israel. With 170 employees, the company was founded in 2004 by Adi Azaria, Guy Boyangu, Aviad Harell, Elad Israeli, and Eldad Farkash, who serves as CTO.
What they have developed is a system that is capable of processing massive quantities of data, helping researchers sift through and discover important points of interests or draw conclusions based on trends emerging from the data.
In the age of Big Data, Business Intelligence and analytical capabilities like the ones provided by Sisense have been in sharp demand to handle everything from e-commerce management, regular brick and mortar inventories, transportation efficiency, and catching thieves.Read Complete Article