SiSense raises $30 million in funding
SiSense is a business intelligence startup that has raised $30 million in funding. The $30 million Series C round of funding was led by DFJ Growth. Other investors that participated in this round include Battery Ventures, Genesis Partners and Opus Capital.
Founded in 2004, SiSense raised $10 million last year and raised a total of $44 million. Eventually SiSense will go public and will reach profitability by 2015. The funding round will be used for driving more business in the U.S. Founded in Tel Aviv, SiSense has an office in New York and generates 70% of its revenue in the U.S. Another office will be opened in Silicon Valley by early next year. SiSense’s customers include eBay, ESPN, and Carlsberg.
“Customers rave about SiSense and its ability to easily integrate multiple data sources, scale far beyond competitive solutions, and be adopted directly by business users with little to no support needed from IT specialists,” stated DFJ Growth managing director Randy Glein, DFJ Growth MD. Glein may be joining the company board of directors.