American-Israeli data analytics and business intelligence solutions company Sisense announced that it raised $80 million in a Series E funding round in Wednesday, bringing the total amount invested in the firm since it was founded eight years ago to approximately $200 million.
The funding round was led by New-York based Insight Venture Partners, a global venture capital and private equity firm, which has over $20 billion under management and is cumulatively invested in more than 300 companies worldwide. The round included additional participation from existing investors including Battery Ventures, Bessemer Venture Partners, DFJ Venture Capital, Genesis Partners, and Opus Capital.
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Sisense CEO Amir Orad said in a company statement that the firm was “honored that Insight Venture Partners has joined our mission to empower everyone by making data-driven insights instantly accessible everywhere.”
The funding, he said, will allow Sisense to “accelerate our aggressive hiring, increase our global footprint, boost our cloud offering, and make additional investments in our Machine Learning and Artificial Intelligence (AI) labs that are the core of our In-Chip™ technology and analytics platform agility.”
Founded in 2010, Sisense has developed software. that rapidly analyzes chips in users’ devices, enabling businesses to make faster decisions, especially in sales teams. The company says it has thousands of clients including GE, Nasdaq, Wix, Philips, Rolls Royce, Air Canada, and Accenture.
“We first learned about Sisense when we discovered that many of our portfolio companies are leveraging the technology to extract critical insights to more effectively run their businesses and enable their products and services,” said Jeff Horing, managing director at Insight Venture Partners. “Insight is looking forward to working with the Sisense team to capitalize on its impressive growth and create further opportunity as the company scales.”
Sisense has more than 450 employees across its New York headquarters and its offices in Tel Aviv, Kiev, Tokyo, and Arizona.