- Sisu, one of the fastest and most comprehensive diagnostic platforms for structured data, announced it raised $52.5 million in Series B
Sisu — one of the fastest and most comprehensive diagnostic platforms for structured data — announced it raised $52.5 million in Series B funding led by NEA. Andreessen Horowitz, the a16z Cultural Leadership Fund, and Green Bay Ventures also joined the new round.
“Leveraging data to drive operational decisions is a superpower, but most organizations struggle to use even a fraction of their data. Current BI tools haven’t kept pace with the rise in data volumes and complexity,” said Peter Bailis, CEO and founder at Sisu. “Our goal at Sisu is to enable every business to understand what’s driving their key metrics and make every decision data-driven. We’re changing how organizations fundamentally operate.”
This round of funding brings Sisu’s total capital raised to $66.7 million and it coincides with the public launch of Sisu’s data analytics platform. And with this investment, it will fuel Sisu’s expansion in the rapidly growing operational analytics market — which already includes large enterprises such as Samsung and Upwork as customers.
“Our ability to capture and store enterprise data has far outpaced our ability to use it,” added Pete Sonsini, General Partner at NEA. “Sisu’s operational analytics platform helps analytics and business leaders get beyond their dashboards and understand why their key metrics are changing, in real-time, using all their data. Peter and his team have already delivered a massive technological leap that solves a widespread business problem, and we’re thrilled to be a part of their growth.”
Businesses in every industry are rapidly adopting a new analytics stack that is built for understanding the deep, wide, and complex data captured on a daily basis. And as more organizations implement modern data pipelines and cloud data warehouses, they can no longer rely on traditional business intelligence tools to analyze their data at scale. Plus Sisu automates the process of monitoring, diagnosing, and explaining changes to key metrics over ten times faster than any other method.
“We couldn’t believe how quickly we found actionable facts in the data,” explained Kal Raman, Chief Digital Officer at Samsung. “With Sisu we were able to make recommendations to our marketing leadership in hours that normally would have taken weeks. It’s making our analytics process more collaborative and more effective.”
Ben Horowitz led the $14.2 million Series A round of funding in July 2018 and is also supporting the Series B round of funding also. With this round of funding, Sisu will accelerate growth across engineering, product, marketing, sales, and operations. And in conjunction with the funding round, Sonsini of NEA will join Sisu’s Board of Directors alongside Ben Horowitz and Bailis.
“Everybody has a lot of data, but very few companies can wield it effectively. Sisu is a breakthrough technology that enables companies to instantly understand why their most important business metrics are changing,” commented Horowitz. “I followed Peter’s ground-breaking research, so when he decided to turn it into a company, I was all in.”
