Netanya-based Start-Up SiSense, which develops Business Intellignece soultions, has completed a first fund-raising round totalling at $4 million from Genesis Partners, Opus Capital and private investor Eli Farkash.
SiSense was founded by Elad Israeli, Eldad Farkash (who acts as CTO and VP of Research and Development) and three others. With the completion of the fund-raising round, Gary Gannot of Genesis, Dan Avida of Opus and Eli Farkash will join the company’s board.
SiSense has developed a BI product which can be purchased online, allows quick implementation – within hours without any need for BI expertese – while using standard PC hardware.
Gannot, a partner at Genesis Partners, said that “complex BI solutions do not provide an answer to the dynamics which characterize today’s organizations. SiSense provides a solution that allows organizations to deal with the growing scopes of the data in their business and the increasing demands of data analysis. SiSense is bringing good news to the market, and Gensis is happy for the oppurtunity to invest in such an innovating company.”
Translated by Itai Rosenbaum
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