SiSense, a provider of big data analytics for business users, has added $30 million in new financing led by venture capital firm DFJ Growth, with participation from existing investors Battery Ventures, Genesis Partners and Opus Capital.
According to SiSense, last year it registered triple-digit subscription revenue growth for the third consecutive year and opened its U.S. headquarters in New York City. Earlier this year, the company introduced SiSense 5, an analytics solution enabling non-technical users to join multiple data sources, analyze billions of records and share interactive dashboards from any device, including mobile. Its back-end is powered by its proprietary In-Chip technology architecture that, SiSense says, yields 100x more data scalability and 10x faster performance than in-memory architectures.
The company said it plans to use the new financing to continue expanding its global footprint. Current customers include Target, eBay, ESPN, Samsung and Wix.
“SiSense allows business users to take advantage of big data and make sense of it instantaneously by revolutionizing the way enterprises gather and analyze information,” said Randy Glein, DFJ Growth Managing Director, who is joining SiSense’s board of directors, noting that the technology gives customers “the 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.”
More information about SiSense is available at www.sisense.com