January 10, 2016 | Less than one year after replacing its CEO, Israeli data analytics startup Sisense has raised $50 million in a Series D round of fundraising led by Bessemer Venture Partners. Current investors also participated in the round, including Battery Ventures, Draper Fisher Jurvetson, Genesis Partners and Opus Capital, bringing the total amount raised to about $98 million. CEO Amir Orad said the investment will enable the company to expand operations more quickly, namely opening an European office in the UK, while further developing their products for the business analytics market, estimated to be $33 billion. Company Co-Founder Eldad Farkash remains the CTO, while previous CEO Amit Bendov left last year to work on a startup. Founded in 2010, Sisense has developed software, now used by Target and Samsung, that rapidly analyzes chips in users’ devices, enabling businesses to make faster decisions, especially in sales teams.
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