Jan
09
2020
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Sisense nabs $100M at a $1B+ valuation for accessible big data business analytics

Sisense, an enterprise startup that has built a business analytics business out of the premise of making big data as accessible as possible to users — whether it be through graphics on mobile or desktop apps, or spoken through Alexa — is announcing a big round of funding today and a large jump in valuation to underscore its traction. The company has picked up $100 million in a growth round of funding that catapults Sisense’s valuation to over $1 billion, funding that it plans to use to continue building out its tech, as well as for sales, marketing and development efforts.

For context, this is a huge jump: The company was valued at only around $325 million in 2016 when it raised a Series E, according to PitchBook. (It did not disclose valuation in 2018, when it raised a venture round of $80 million.) It now has some 2,000 customers, including Tinder, Philips, Nasdaq and the Salvation Army.

This latest round is being led by the high-profile enterprise investor Insight Venture Partners, with Access Industries, Bessemer Venture Partners, Battery Ventures, DFJ Growth and others also participating. The Access investment was made via Claltech in Israel, and it seems that this led to some details of this getting leaked out as rumors in recent days. Insight is in the news today for another big deal: Wearing its private equity hat, the firm acquired Veeam for $5 billion. (And that speaks to a particular kind of trajectory for enterprise companies that the firm backs: Veeam had already been a part of Insight’s venture portfolio.)

Mature enterprise startups have proven their business cases are going to be an ongoing theme in this year’s fundraising stories, and Sisense is part of that theme, with annual recurring revenues of over $100 million speaking to its stability and current strength. The company has also made some key acquisitions to boost its business, such as the acquisition of Periscope Data last year (coincidentally, also for $100 million, I understand).

Its rise also speaks to a different kind of trend in the market: In the wider world of business intelligence, there is an increasing demand for more digestible data in order to better tap advances in data analytics to use it across organizations. This was also one of the big reasons why Salesforce gobbled up Tableau last year for a slightly higher price: $15.7 billion.

Sisense, bringing in both sleek end user products but also a strong theme of harnessing the latest developments in areas like machine learning and AI to crunch the data and order it in the first place, represents a smaller and more fleet of foot alternative for its customers. “We found a way to make accessing data extremely simple, mashing it together in a logical way and embedding it in every logical place,” explained CEO Amir Orad to us in 2018.

“We have enjoyed watching the Sisense momentum in the past 12 months, the traction from its customers as well as from industry leading analysts for the company’s cloud native platform and new AI capabilities. That coupled with seeing more traction and success with leading companies in our portfolio and outside, led us to want to continue and grow our relationship with the company and lead this funding round,” said Jeff Horing, managing director at Insight Venture Partners, in a statement.

To note, Access Industries is an interesting backer which might also potentially shape up to be strategic, given its ownership of Warner Music Group, Alibaba, Facebook, Square, Spotify, Deezer, Snap and Zalando.

“Given our investments in market leading companies across diverse industries, we realize the value in analytics and machine learning and we could not be more excited about Sisense’s trajectory and traction in the market,” added Claltech’s Daniel Shinar in a statement.

Sep
07
2017
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Percona Live Europe Featured Talks: NoSQL Best Practices for PostgreSQL with Dmitry Dolgov

Colin Charles

Percona Live EuropeWelcome to another post our series of interview blogs for the upcoming Percona Live Europe 2017 in Dublin. This series highlights a number of talks that will be at the conference and gives a short preview of what attendees can expect to learn from the presenter.

This blog post is with Dmitry Dolgov, a software engineer at Zalando SE. His talk is titled NoSQL Best Practices for PostgreSQL. One of PostgreSQL’s most attractive features is the Jsonb data type. It allows efficient work with semi-structured data without sacrificing strong consistency and ability to use all the power of proven relational technology.  In our conversation, we discussed how to use this NoSQL feature in PostgreSQL:

Percona: How did you get into databases? What do you love about it?  

Dmitry: I grew extremely interested in databases not so long ago, mostly due to the influence of Oleg Bartunov, who is a longtime contributor to PostgreSQL. Initially, I just implemented one patch for the Jsonb data type that was eventually included in the core. After that I couldn’t stop. So I still try to help the PostgreSQL community as much as I can.

What I love is just that: PostgreSQL has an awesome community. And I mean it, there are a lot of people that are excited about databases and possess valuable expertise in this area. My most vivid memory so far about the community was someone asking a question in the hackers mailing list that got answered within minutes – even before I started to type my own reply.

Percona: How can NoSQL Jsonb data type get used effectively with PostgreSQL?

Dmitry: The trick is that you don’t need to do anything supernatural for that. Jsonb is already effective enough right out of the box. But as always there are some limitations, implementation details and tricks (which I’ll show in my talk).

Percona: What do you want attendees to take away from your session? Why should they attend?

Dmitry: The biggest idea behind this talk is to show that we live in interesting times. It’s not that easy to stick with only one data model/data storage. And to mitigate this issue, most modern databases are trying to provide more that one approach. We have to evaluate them each carefully.

Or you can attend if you expect a holy war of PostgreSQL vs. MongoDB vs. MySQL vs. whatever else. But you won’t see anything like that, because we’re all grown up people. ?

Percona: What are you most looking forward to at Percona Live Europe 2017?

Dmitry: I look forward to meeting a lot of interesting people to collaborate with, and to share my own experiences.

Want to find out more about Dmitry and PostgreSQL and the Jsonb data type? Register for Percona Live Europe 2017, and see his talk NoSQL Best Practices for PostgreSQL. Register now to get the best price! Use discount code SeeMeSpeakPLE17 to get 10% off your registration.

Percona Live Open Source Database Conference Europe 2017 in Dublin is the premier European open source event for the data performance ecosystem. It is the place to be for the open source community as well as businesses that thrive in the MySQL, MariaDB, MongoDB, time series database, cloud, big data and Internet of Things (IoT) marketplaces. Attendees include DBAs, sysadmins, developers, architects, CTOs, CEOs, and vendors from around the world.

The Percona Live Open Source Database Conference Europe will be September 25-27, 2017 at the Radisson Blu Royal Hotel, Dublin.

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