Sisense News
30 articles
Sisense targets hardcore developers with new toolkit | TechTarget
Sisense has launched its new code-first set of application programming interfaces, Compose SDK for Fusion, which was first introduced in September 2023. The software development kit is designed to enable developers to quickly build customized data products such as dashboards and models that can be embedded into the workflows of business users. The launch is part of Sisenses Fusion Winter 2024 release, which also includes improved natural language query capabilities. This comes after a period of transition for Sisense, including a change in CEO and staff layoffs. The company reportedly laid off about 100 workers in July 2023 and another 60 in January 2024.
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Business intelligence unicorn Sisense sacking 13% of workforce in second round of layoffs in six months | CTech
Business intelligence company Sisense is laying off around 60 employees, which is approximately 13% of its remaining workforce. This comes six months after the company laid off 100 employees. Sisense, which had as many as 800 employees in 2022, will now have around 400 employees. The company has also seen changes in its business focus and senior management. Ariel Katz was appointed as CEO in place of Amir Orad, who moved to the role of Chairman. Sisense, which reported an annual recurring revenue of $150 million last year, reached a valuation of a billion dollars in 2019 with a $100 million funding round led by Insight Partners.
LayoffsManagement Changes
Sisense appoints Ayala Michelson Chief Product Officer and General Manager of its Israeli operation | CTech
Sisense, a platform that enables companies to build and embed analytics into customer-facing data products, has appointed Ayala Michelson as Chief Products and Technology Officer and General Manager of its Israeli operation. Michelson, who previously served as Executive Vice President of Product and Analytics at Gloat, will oversee product engineering, product management, and product marketing. The announcement follows the recent appointments of Ariel Katz as CEO and Kristina Agassi as COO. In June, Sisense secured a $60 million term loan facility with Hercules Capital. However, the company also reduced its workforce from 800 to 600 employees in 2022.
Management ChangesLayoffs
Software unicorn Sisense sacks 100 employees, 15% of workforce | CTech
Software company Sisense is laying off 100 employees, about 15% of its workforce, affecting all departments including its Israeli headquarters. This follows the departure of senior executives last year, previous layoffs, and a halt in recruitment. Sisense has changed its business focus several times, shifting from developing analytics tools for businesses to focusing on large enterprises, and then deciding to concentrate on integrating analytics tools into other corporate software. Ariel Katz was appointed as CEO in April. Sisense reported an annual recurring revenue (ARR) of $150 million earlier this year and positive EBITDA over the previous two quarters.
LayoffsManagement Changes
Sisense announces promotion of Ariel Katz to CEO | CTech
Sisense has announced the promotion of Ariel Katz to CEO and Kristina Agassi to COO. Former CEO and Chairman Amir Orad will serve as Executive Chairman of the Board. The promotions come at a time when the company has reached several product milestones and has a solid customer base.
Management Changes
Microsoft veteran Ariel Katz appointed as Sisense Chief Products and Technology Officer and the General Manager of Israel | CTech
Ariel Katz has been appointed as Sisenses Chief Products and Technology Officer and General Manager of Israel. Katz brings over 25 years of experience in technology and the development of large enterprise cloud products. In his new position, he will be responsible for defining and developing the companys product line and managing a large group of engineers, product people, user interface designers, and data scientists globally. Sisense has reached approximately $150 million in annual recurring revenue and achieved operational profitability. Katzs experience in leading advanced BI products is expected to contribute to the continued growth of the company.
Management Changes
Sisense Named an Overall Leader in Customer Experience and a Trust Leader in Vendor Credibility in Dresner Business Intelligence Market Study
Sisense Unveils AI-Driven Analytics Platform to Make Data Analytics Simple, Scalable and Actionable
Sisense has announced Sisense Fusion, a platform that helps organizations infuse data anywhere and provide more value to customers. It empowers businesses, partners, and customers to make data-driven decisions and take action on insights. Sisense Fusion goes beyond traditional dashboards and allows users to build customized analytic experiences inside customer and employee-facing applications. The platform offers a unique elastic engine, best-in-class APIs, a cloud-native architecture, and AI capabilities. Sisense aims to remove the complexity of data and deliver actionable intelligence where people work. The article includes testimonials from Air Canada and Luma Health, highlighting the benefits of Sisenses analytics platform. The impact on the company is growth-positive.
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Sisense Unveils Sisense Fusion, an AI-Driven Analytics Platform Designed to Make Data Analytics Simple
Sisense has announced Sisense Fusion, a platform that brings actionable intelligence to employees and customers by infusing analytics everywhere. The platform allows users to build customized analytic experiences inside customer and employee-facing applications. The goal is to provide analytics to people when and where they need them. The article highlights the challenges organizations face in effectively using analyzed data and the importance of providing data-driven insights in context and in easily consumable formats. Sisense Fusion aims to address these challenges and empower businesses to focus on innovation and disrupt markets. The article includes testimonials from Sisense customers, Air Canada and Luma Health, who have benefited from the platforms ability to provide actionable data and insights.
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Sisense analytics suite renamed to reflect embedded BI focus
Business intelligence vendor Sisense has rebranded its analytics platform to Sisense Fusion, reflecting its new focus on embedded BI capabilities. The platform enables developers to build applications that can be embedded throughout workflows to deliver analytics to business users on their desktop and mobile devices. The aim is to allow users to make data-driven decisions in the moment without having to leave their workflows. The company is also launching a developer community and plans to build more on top of the augmented intelligence and machine learning capabilities of its Knowledge Graph.
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Predictions From Ashley Kramer, CPO & CMO at Sisense
The article discusses the importance of customer analytics and data management in the technology industry. It highlights the findings of a survey conducted by Sisense, a company specializing in business intelligence and data analytics. The survey reveals that companies in Australia and New Zealand are increasingly relying on analytics to drive decision-making and navigate the volatile economic landscape caused by the COVID-19 pandemic. Marketing departments are leading the adoption of BI solutions, followed by operations, finance, and HR. The article also emphasizes the rise of data teams and the need for organizations to effectively capture, manage, and interpret complex data. Additionally, it mentions the top tech trends for 2021, including AI, VR/AR/XR, IoT, and bots. The article concludes by discussing the shift from static dashboards to dynamic data stories and the growing importance of knowledge graphs in data analysis.
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Israeli unicorn Sisense adopting new approach towards work post-Covid-19 shakeup
Sisense, a business intelligence startup, had to fire 80 employees due to the COVID-19 pandemic. However, the company is now considering an IPO with a valuation of over $1 billion. Sisense has implemented a new vision for work, allowing employees to take unlimited vacation days without pay and introducing self-care days without Zoom calls to combat Zoom fatigue. The company also plans to adopt a flexible work model, where employees can choose when to work from the office. Sisense believes that this approach will provide employees with more certainty and reduce the need for office space. The company is also exploring the possibility of allowing employees to relocate and work remotely. Despite having offices in Ukraine, Sisense acknowledges the need for different profiles of employees and the benefits of having employees in Israel.
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Israeli Tech Companies Sisense and Singular Firing Scores of Employees
Israel-based business analytics software unicorn Sisense is laying off 80 of its 900 employees worldwide, 20 of them from its local headquarters, as part of a strategy to prepare for the economic slowdown caused by the coronavirus crisis. The layoffs primarily affect the sales and marketing team. Sisense had recently experienced rapid growth and raised $100 million in a funding round led by Insight Partners. The company had a valuation of $1.1 billion and earned approximately $100 million in 2019. Sisense acquired Periscope Inc., a data analytics company, in a stock deal valued at over $100 million. The layoffs are part of a trend among Israeli tech firms facing the impact of the coronavirus crisis.
Layoffs
Sisense and UiPath Unleash Analytics With RPA to Accelerate Digital Transformation Through Automation
Sisense and UiPath have announced a partnership to deliver advanced business analytics capabilities to UiPaths RPA software platform. This partnership allows companies to measure the impact of RPA on their organization and leverage advanced analytics to align with strategic business outcomes. The partnership brings together the leaders in their respective categories and aims to accelerate automation and drive digital transformation. The result of the partnership is UiPath Insights, a business analytics solution built on the Sisense platform for UiPath users. It allows users to measure, report, and align RPA operations with strategic business outcomes. Sisense is valued at over $1 billion and UiPath at over $7 billion.
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Valuation Is a Milestone, Not a Cause for Celebration, Says Sisense CEO
Israeli business intelligence company Sisense Ltd. recently joined the unicorn club after receiving a $100 million investment from Insight Partners, giving it a valuation of $1.1 billion. Sisense, founded in 2004, has experienced slow growth but has reached over $100 million in annual sales and is close to profitability. The companys technology enables companies to analyze large amounts of data and gain business insights. Sisense has a diverse customer list, including Netflix, HBO, Spotify, and Tinder. The investment from Insight Partners will be used to increase Sisenses business. The CEO, Amir Orad, is in no hurry to take the company public and is considering market conditions and potential acquisitions.
InvestmentValuation
Business analytics co Sisense raises over $100m
Israeli business analytics software company Sisense has raised over $100 million in a financing round led by Insight Partners and with the participation of other investors. The financing round values the company at over $1 billion. Sisense has a platform that allows companies to simplify complex data and transform it into powerful analytic apps. The company has 2,000 customers, including General Electric, Nasdaq, Tinder, Philips, Spotify, and Wix. Sisense has 800 employees and is preparing for a public offering.
InvestmentValuation
Sisense Announces Merged Product Evolution: Periscope Data is Now Sisense for Cloud Data Teams
Sisense has announced that Periscope Data is now branded and sold as Sisense for Cloud Data Teams, completing their merger. The integration of the two companies cultures and product integrations have been successful since the merger in May 2019. Sisense for Cloud Data Teams is a major milestone in bringing data teams and business teams onto the same analytics platform. Sisense aims to simplify complex data and deliver insights to everyone in the cloud-agnostic business environment. The company is focused on democratizing analytics and providing actionable intelligence to organizations. The merger with Periscope Data allows Sisense to offer the most powerful solution for builders of analytic apps.
Acquisition
Sisense Unleashes Powerful End-to-End Analytics Capabilities to Accelerate Digital Transformation
Sisense has announced a series of innovations that deliver advanced analytics to users, including in-warehouse data prep, advanced forecasting capabilities, and AI capabilities. These updates allow customers to build future-ready, enterprise-grade analytic apps. The in-warehouse data prep module, a result of the merger with Periscope Data, enables analytics builders to transform and optimize large data sets directly on their cloud data warehouses. Sisense has also introduced new AI capabilities, such as Sisense Forecast for predicting future outcomes and Sisense Quest for applying advanced analytic models. The company remains committed to the OEM market by making it easy for companies to embed Sisenses analytics capabilities into their own applications.
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Sisense Debuts as Top BI Company in Forbes Cloud 100
Sisense, the leading analytics platform for builders, has been ranked No. 36 on the Forbes 2019 Cloud 100 list. The recognition highlights Sisenses unique position as the only independent analytics platform for builders. The company has experienced significant growth and development, serving over 2,000 clients worldwide. Sisense empowers clients to turn deep data insights into action, providing a competitive advantage. The Cloud 100 list features the top 100 private cloud companies in the world. Sisense has also been recognized as a leader in enterprise business intelligence platforms and business intelligence by Forrester and Dresner respectively.
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Sisense Debuts Cloud-Native Architecture, Launches AI Exploration With Q3 2019 Product Updates
Sisense has unveiled its Q3 2019 product updates, which include AI-driven innovations, a multi-cloud architecture, and features for data engineers, product developers, business analysts, and business users. The company has also introduced Cloud-Native Sisense, a cloud-native architecture built for multi-cloud support. Additionally, Sisense has launched AI Exploration, an augmented analytics capability that generates visualizations and insights from known KPIs. The release is available immediately for current customers and includes expanded APIs for enterprise-grade deployments.
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Sisense Recognized as a Leader Among Enterprise BI Platforms
Sisense has been named a Leader in two Forrester Wave reports on enterprise BI platforms. The reports highlight Sisenses powerful platform for analytics builders and its ability to distribute insights to large companies. Sisenses conversational UI and recent acquisition of Periscope Data were also praised. The company has delivered enterprise-grade innovations over the past year, including the launch of Cloud-Native Sisense and investment in AI. Sisense empowers the builders of analytic apps with tools to simplify complex data and deliver insights to organizations. The company has a global client base and is recognized by industry leaders.
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Sisense to Acquire Analytics Startup Periscope Data
Israel-based business intelligence startup Sisense Ltd. has acquired the assets, people, and overall business operations of cloud data analytics company Periscope Inc. The financial details were not disclosed, but the deal is valued at over $100 million. With this acquisition, Sisense will surpass the $100 million mark in annual recurring revenue. Periscopes clients include Adobe, Crunchbase, ZipRecruiter, and Tinder. Sisense raised $200 million from investors including Insight Partners, Battery Ventures, and Bessemer Venture Partners. Sisense CEO Amir Orad stated that the merger will open up opportunities for the company and potentially accelerate its growth in the direction of going public.
Acquisition
Sisense develops data platform for Eurovision fans
Israeli business intelligence and analytics startup Sisense has developed a platform that provides interesting information about the Eurovision Song Contest. The platform allows users to access data on countries participating in the competition, including voting patterns, past rankings, and points received. Sisenses analysis reveals that Israel usually receives points from Mediterranean Europe and Scandinavia, with France being the country that has given Israel the most points. The platform aims to make sense of the vast amount of data gathered over the years of the competition.
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Israeli co Sisense opens London office, hiring 50 in UK
Israeli business analytics company Sisense is opening a London office and hiring 50 employees in the UK. Sisense completed an $80 million financing round last month and is using some of the funds to expand its European operations. The opening of the London office follows significant client growth in the UK and globally. Sisense is building on a sizeable European customer base with local UK clients such as Flight Centre, SDL, Motorola UK, and Rolls Royce Digital. Sisense will be adding 50 more customer-facing employees in the UK in the coming quarters.
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Israeli business analytics co Sisense raises $80m
Israeli business analytics company Sisense has raised $80 million in a Series E financing round led by Insight Venture Partners. With this latest financing round, the company has raised $200 million. Sisense is disrupting the business intelligence market by simplifying business analytics for complex data. The company has a loyal base of thousands of clients across various industries, including leading companies such as GE, Nasdaq, Philips, and Oppenheimer. Sisense plans to use the funding to accelerate hiring, increase global footprint, boost cloud offering, and make investments in Machine Learning and Artificial Intelligence (AI) labs.
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Sisense expanding workforce by 150
Sisense, an Israeli business intelligence company, has announced plans to hire 150 new employees, with half in its Ramat Gan offices and half in the US. The company currently has 400 employees and serves 1,000 customers, including General Electric, Nasdaq, Royal Philips, and Airbus. Sisense has experienced significant growth in the past three years, with revenue in the tens of millions of dollars. The company has also raised $94 million since its founding in 2010. Alongside the hiring announcement, Sisense has released a new version of its software, which applies machine learning to information sources and offers more advanced visualization. The software aims to help organizations analyze large quantities of complex information without the need for extensive technological projects.
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Sisense gives leg-up to startups
Sisense is offering free access to its Big Data analytics products to early-stage startups. This program aims to help startups improve their products and services and survive their first years of activity. Sisense gains exposure and potential sales from this initiative. The company is investing in marketing efforts and strengthening partnerships with startup incubators and venture capital firms. Sisense is educating companies on the advantages of data analysis and providing support and mentoring to participating startups. Over 60 companies are already involved in the program. Sisense, founded in 2008, has raised $100 million and has thousands of customers worldwide. Its main investors include Bessemer, Genesis, Battery Ventures, DFJ Growth, and Opus Capital.
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Big data co Sisense leases 3 floors in Atrium Tower
Israeli big data startup Sisense has signed a seven-year lease for three floors in Ramat Gans Atrium Tower. The company has experienced significant growth and plans to hire 50 more employees. Sisense has raised $100 million to date, including $50 million in a Series D financing round. The Atrium Tower, located near the Ramat Gan Diamond Exchange, will house many high-tech companies. Sisenses new offices will be located on the 15th, 16th, and 17th floors.
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Under New CEO, Sisense Raises $50M
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Forbes
Amir Orad, the CEO of Sisense, discusses the importance of combining cybersecurity and big data analytics. He highlights the need for analytics in detecting and responding to security threats, as well as the role of human intuition and domain knowledge. Sisenses innovative approach to big data management allows for easy data aggregation, analysis, and visualization. The company has experienced significant growth, tripling subscription revenues for the fourth straight year. Sisenses customers use their product for security purposes, consolidating data from various security solutions to create a command and control environment. Orad emphasizes the importance of balancing security and convenience, as well as the involvement of security professionals in decision-making. He believes that human intuition is invaluable in the age of big data.
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