Microsoft Cloud Authors: Elizabeth White, Yeshim Deniz, Serafima Al, Janakiram MSV, John Katrick

News Feed Item

SiSense Closes $10M Series B Financing to Expand Its Challenge to Legacy Business Intelligence Solutions

Battery Ventures Leads Round Aimed at Accelerating SiSense's Success in Making Big Data Analytics Accessible and Affordable

SAN FRANCISCO, CA -- (Marketwired) -- 04/03/13 -- SiSense, the Big Data Analytics Company, announced today that it completed a $10M Series B round of funding led by Battery Ventures with participation from Opus Capital and Genesis Partners. Over the past year alone, SiSense subscription revenues grew 520%, winning customers in 49 countries and a stream of accolades, most recently the Audience Choice award at the O'Reilly Strata Big Data Conference. SiSense will use the investment to meet intense demand for its solution.

"We are thrilled to add Battery Ventures as an investor," said SiSense CEO, Amit Bendov. "We are experiencing exponential sales growth and incredible buzz in the market -- it is time to step on the accelerator. Our biggest challenge right now is growing the sales force and the support teams quickly enough to keep up with the demand."

"Battery Ventures is committed to funding the most promising Big Data companies and we see in SiSense the potential to lead in this huge market," said Itzik Parnafes, General Partner, Battery Ventures. "SiSense's groundbreaking technology and market approach challenges the older-generation business intelligence software vendors. The enthusiastic rate at which customers have flocked to the company and raved about its innovation makes this investment a win for everyone."

Global brands, like Target and Merck, and hot startups, like Wix and Uber, are among the rapidly growing customer base.

The vast majority of the world's businesses have between 1/2 to 100 terabytes of data and this is where SiSense's Prism™ is far superior to existing solutions. Deploying complex Hadoop clusters or data warehouse appliances designed to handle petabytes is needlessly complicated and prohibitively expensive. On the flip side, traditional in-memory solutions are limited by the computer's RAM and are difficult to scale beyond 1/2 Terabyte. SiSense Prism™ can analyze 100 times more data than traditional in-memory solutions, at a fraction of the cost, and can analyze on one node what normally requires 20 nodes. Moreover, Prism™ is not just a high-performance analytical database -- it is a complete business intelligence solution, designed for non-technical business users, that includes a columnar database, ETL (data extraction and transformation) tools, and web visualizations.

"SiSense has created an exciting new approach to data analysis, combining the power of columnar technology with in-memory speed on huge amounts of data, all on a single node that's easy to install," says David Gerster, Director of Analytics at Groupon and BI industry expert. "If you've been wrestling with the size limitations of other tools, do yourself a favor and try SiSense. There's nothing else on the market that crunches big data so easily and inexpensively."

"I am deeply impressed with what the SiSense team has done," says Robin Bloor, founder of the Bloor Research group. "Efficient software like SiSense's and its on-chip optimization will inevitably become a driving force at every level."

The secret behind SiSense simplicity and performance is its Elasticube™, a high-performance analytical database that maximizes machine RAM, CPU, and Disk use. SiSense Prism™ is designed for the latest 64bit chipsets and utilizes on-chip optimization and columnar data structure to allow for performance 50-100x faster than traditional relational databases. SiSense Prism™ can be deployed on premise and in the cloud and its built-in visualizations use the latest advancement in web technologies and make it easy for anyone to interact with data from any browser or mobile devices.

Features Include:

  • Ability to analyze 100x more data than RAM based in-memory solutions
  • Can store and query tens of billions of rows of data
  • Runs on commodity, "off-the-shelf" hardware
  • Provides automatic extraction ("ETL") from all major databases including Microsoft SQL Server, Oracle, MySQL, PostgreSQL and Intuit QuickBase, and applications like Salesforce.com, Google Adwords, Google Analytics, Google Spreadsheets, Zendesk and Intuit QuickBooks, and data from Hadoop/Hive
  • Comes with Out-of-The-Box Web based visualizations based on HTML 5 and JavaScript

Awards and Recognition:

  • Audience Choice Award, O'Reilly Strata Conference
  • Vendor to Watch, Information Management
  • Hot Product to See at Dreamforce, CRN
  • Top 10 Things to See at Hadoop World, CRN

About SiSense
SiSense is democratizing Big Data Analytics by pioneering a new approach that enables organizations of all sizes to make sense of their data. SiSense Prism™ -- powered by Elasticube™ technology -- delivers unmatched performance, agility & value. With customers in 49 countries, including global brands like Target and Merck, SiSense was recently designated a company to watch by Information Management, its solution won the "Audience Choice" award at the O'Reilly Strata conference and was named by CRN a "Hot Product to See at Dreamforce," and included in the "Top 10 Things to See at Hadoop World."

Download a free trial version of the software at http://www.sisense.com/Prism™-free-trial

Legal Notices
Copyright © 2013 SiSense. All Rights Reserved. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media contact:
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has announced that its Call for Papers is now open. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expe...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...