Sisu Raises $52.5 Million For Operational Analytics Platform
Sisu announced it has raised new funding to continue building its operational analytics platform.
The funding, totaling $52.5 million in Series B financing, was raised by New Enterprise Associates, which led the funding. Other investors in Sisu’s latest funding round are Green Bay Ventures, Andressen Horowitz, and a16z Cultural Leadership Fund. This latest round brings Sisu’s total funding to $66.7 million.
Sisu is an operational analytics platform that helps enterprises diagnose why their critical metrics are changing. Sisu’s platform is based on years of research at Stanford University and proven at scale at Microsoft, Facebook and Google. Sisu’s diagnostic analytics platform combines machine learning and powerful statistical analysis to help anyone get answers to their most difficult business questions.
“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,” Sisu CEO and founder Peter Bailis, in a statement. “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.”
This latest funding round will help the company expand in the rapidly growing operational analytics market, which already counts large companies like Samsung and Upwork as customers.