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Today, enterprises across all industries are rapidly adopting a new analytics stack that's purpose-built for understanding the in-depth, comprehensive, and increasingly sophisticated data they come across on a daily basis. With more organizations trying to implement modern data pipelines and cloud data warehouses, they can no longer rely on traditional BI tools to analyze their data at a massive scale
Fremont, CA: San Francisco-based structured data startup, Sisu, raised USD 52.5 million in a Series B funding round. The funding round was led by NEA, with participation from Andreessen Horowitz, the a16z Cultural Leadership Fund, and Green Bay Ventures. With this funding round, Sisu's total capital raises to USD 66.7 million, and the timing coincides with the public launch of its data analytics platform. The investment will be used to fuel Sisu's expansion in the rapidly growing operational analytics market, where it already counts large enterprises like Samsung and Upwork as customers.
"Leveraging data to drive operational decisions is a superpower, but most organizations struggle to use even a fraction of their data. Current BI tools haven't kept pace with the rise in data volumes and complexity," said Peter Bailis, CEO and founder at Sisu. "Our goal at Sisu is to enable every business to understand what's driving their key metrics and make every decision data-driven. We're changing how organizations fundamentally operate."
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Today, enterprises across all industries are rapidly adopting a new analytics stack that's purpose-built for understanding the in-depth, comprehensive, and increasingly sophisticated data they come across on a daily basis. With more organizations trying to implement modern data pipelines and cloud data warehouses, they can no longer rely on traditional BI tools to analyze their data at a massive scale. Sisu automates this process of monitoring, diagnosing, and explaining changes to crucial metrics at speeds ten times faster than any other existing method.
"Our ability to capture and store enterprise data has far outpaced our ability to use it," said Pete Sonsini, General Partner at NEA. "Sisu's operational analytics platform helps analytics and business leaders get beyond their dashboards and understand why their key metrics are changing, in real-time, using all their data. Peter and his team have already delivered a massive technological leap that solves a widespread business problem, and we're thrilled to be a part of their growth."
The Series A funding of USD 14.2 million was led by Ben Horowitz, who is supporting the Series B round as well. Sisu will use the new investment to accelerate growth across engineering, product, marketing, sales, and operations. As part of the round, Pete Sonsini of NEA will join Sisu's Board of Directors alongside Ben Horowitz and Peter Bailis, CEO.
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