SiSense Raises $10 Million From Battery, Opus, and Genesis Partners
SiSense is a business intelligence (BI) software company that has created Prism. Prism is an end-to-end business intelligence software application that was designed to be used by people with little experience in business intelligence development. Prism utilizes ElastiCube technology, which is a high-performance database that can maximize the RAM and CPU on servers. The company has raised $10 million in funding led by Battery Ventures with participation from Opus Capital and Genesis Partners.
Founded in 2004, SiSense launched with five employees and they spent six years developing the platform. Now the company has 37 employees and they expect to hit 70 by the end of the year. “We are thrilled to add Battery Ventures as an investor,” stated SiSense CEO Amit Bendov. “We are experiencing exponential sales growth and incredible buzz in the market – now it’s 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.”
SiSense is used by companies that handles millions of records and needs to analyze large amounts of data on a daily basis. SiSense uses computer memory and disks to handle the data faster. The company uses a columnar database that can split data tables into smaller tables for faster analysis. The company also compresses data to speed things up. Some of SiSense’s customers include Target and Merck. At the Strata Conference, SiSense won an award for analyzing 10TB of data on a $10,000 Dell server in 10 seconds.