Market Leader in Business Intelligence Solutions, SiSense Announces that It Has Closed $4 Million in Series A Funding from Opus Capital and Genesis Partners

Based in Netanya, Israel, market leader in the business intelligence industry, SiSense has announced that it has closed $ million in series A funding with Opus Capital and Genesis Partners leading the funding round. Together with Opus Capital and Genesis Partners, other investors who participated in this funding round include private investor, Eli Farkash.

SiSense is a leader in the BI industry and has been developing its technology for over fie years. Though it is unusual for a company to already have a customer base at series A stage, SiSense has managed to pull off the impossible and is already marketing its product plus has a substantial paying customer base. SiSense’s technology enables businesses to analyze all kinds of different data and can also allow businesses to mix up different kinds of sources of data and compile them into an easy-to-understand dashboard.

What makes SiSense such a great investment opportunity is that unlike other solutions that require all kinds of expensive IT projects, SiSence business intelligence solutions do not require such expensive projects and are able to culminate large amounts of data in much less time, freeing more time for businesses to work on other projects and get the intelligence they need without the IT expense. The key to SiSense’s success is its unique proprietary technology that allows users to analyze large amounts of data in memory, reducing the cost of IT operations.

According to Dan Avida, general partner at Opus Capital; business intelligence is becoming a multibillion dollar industry and is very overdue for innovations in technology that would allow businesses to analyze data without undue expenses and SiSense’s unique proprietary technology can meet the criteria for this industry. Furthermore, with paying customers already using SiSense’s product places SiSense to be a leader in the business intelligence industry.

Elad Israeli, CEO and cofounder of SiSense further added that both IT experts and business users are amazed by how easy SiSense’s Prism is to use. Furthermore, SiSense has sold its product to over 80 companies and this funding will enable the company to broaden its market.

What’s absolutely amazing about SiSense is that the company has so much faith in its product that it is already even offering a full free trial version of its Prism product on its website, on which you can click here.

With over $1 billion in funds under its management, Opus Capital is a vc firm that primarily invests in early stage companies in the tech industry. Opus seeks entrepreneurs who have integrity and have disruptive or market leading technologies. Some other companies that Opus Capital has invested in include FedEx, Phone.com, Brocade, Transmeta, DoubleClick, Informatica, and others.

Genesis Partners is an Israeli vc firm that is dedicated to Israeli entrepreneurs. Genesis Capital primarily invests in companies who are in Israel or benefit Israel’s business community. The vc firm primarily invests in Israeli early stage companies who have market leading technologies. Some other companies in Genesis Partners’ portfolio include AdvaSense, AGI, Modu, Orbot, Wintegra, and others.