siliconindia | | May 20139SiSense, a California based provider of business intelligence, has raised $10 million in its second round of funding. This round was led by Battery Ventures in participation with Opus Capital and Genesis Partners. In the first round, SiSense acquired $4 Million from Opus Capital, Genesis Partners and private investor Eli Farkash, who co-founded SiSense and was the original seed investor in the company.SiSense has created an attractive new approach to data analysis by combining columnar technology with `in-memory' speed to analyze huge amounts of data, all on a single node that is easy to install for the client. Sisense's products are far superior to existing solutions that are available in the market; today, deploying complex Hadoop clusters or data warehouse appliances designed to handle petabytes are expensive and complicated but this new business intelligence company can crunch 100 times more data at a fraction of the cost. SiSense positions its products as an alternative to traditional Business Analytics tools. Its software can be deployed on premise or on the cloud.Founded in 2004, the company is currently experiencing exponential growth according to Amit Bendov, CEO, SiSense. Its subscription rates climbed to 520 percent in the last year and it is still climbing. "We currently have more business than we can handle," says Bendov. The company is reportedly in the initial stages of building a channel program.While the company is growing at a rapid pace, the CEO says that the new funding will be used to enhance the marketing and sales capabilities to maintain its current momentum. The company also intends to expand its customer support services.SiSense raises $10 Million from Battery Ventures in Second Round of FundingInfer bags $10 Million in First Round of FundingInfer Inc., the company which delivers cloud based solutions received $10 million in Series A funding in a deal led by Redpoint Ventures and joined by Andreessen Horowitz, Social+Capital Partnership, Sutter Hill Ventures, and angel investors.Infer will use its first round of funding to grow its existing team of engineers and scientists as well as to gain more customers base. In addition, Satish Dharmaraj of Redpoint Ventures will join the company's board of directors.The company which was founded in 2010, delivers data-powered business applications on the cloud. The company's products mine the historical customer records sitting in companies' sales and marketing databases, pull in hundreds of valuable signals from untapped web sources, and build statistical models that accurately identify customers with the highest propensity to buy. Infer unravels revenue driving insights for its clients, enabling them to prioritize their flow of leads, focus on their best prospects, and ultimately win more customers in less time."When my co-founders and I set out to create Infer, we were shocked by how poorly even the biggest, most innovative companies manage and act on their own internal data ­ especially given the amazing advances we have seen in the data science used for the consumer web," says Vik Singh, Co-Founder and CEO, Infer Inc. Singh believes that there is more intelligent work going on in the Facebook news feed than there is in the enterprise where critical decisions need to be made and people's jobs are on the line. With Infer, Singh intends to bring the product thinking and data intelligence of the consumer space to the enterprise.Amit BendovVik Singh
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