Sisu, provider of a diagnostic platform for structured data, has secured $52.5 million in a Series B funding round led by NEA. Andreessen Horowitz, the a16z Cultural Leadership Fund, and Green Bay Ventures also participated in the new round. The funding brings Sisu’s total capital raised to $66.million, and coincides with the public launch of Sisu’s data analytics platform. This investment will fuel Sisu’s expansion in the operational analytics market, where it already counts enterprises such as 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.”
According to Sisu, enterprises in every industry are rapidly adopting a new analytics stack that’s purpose-built for understanding the deep, wide, and increasingly complex data they capture on a daily basis. With the use of modern data pipelines and cloud data warehouses, organizations can no longer rely on traditional BI tools to analyze their data at scale. Sisu says it automates the process of monitoring, diagnosing, and explaining changes to key metrics more than 10 times faster than any other method.
Ben Horowitz led Sisu’s $14.2 million Series A in July 2018 and 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.
To learn more about Sisu, visit www.sisu.ai.