November 30, 2012–Investment dollars make sense in big data. Without patronage, there is no forward progress. And savvy companies are snapping up that help and making big splashes, such as the story we discovered in the Globes article “Big Data Analytics Company SiSense Raises $8M.”
According to the story:
Big data analytics start-up SiSense Ltd. has raised $8 million from its current investors Genesis Partners, Opus Capital, co-founder Eli Farkash, and private investors.
According to IVC, SiSense has raised $13.5 million since it was founded in 2005. SiSense was founded by CTO Eldad Farkash, his son Eli Farkash, CPO Elad Israeli, and two others. Its CEO is Amit Bendov.
SiSense provides an end-to-end business intelligence solution, called Prism, which can be installed at enterprises within an hour and without the need for business intelligence expertise. The solution can carry out complex questionnaires in real time without the need for powerful computers; only an ordinary PC is required.
Keep an eye on this newcomer. We think a big investment like that means big things in the future. It’s reminiscent of earlier news that Nashville analytics powerhouse Digital Reasoning was getting a funding boost and then we saw them have a phenomenal year. We’ll be eagerly watching SiSense.
Patrick Roland
Sponsored by ArnoldIT.com, developer of Augmentext
