Data analytics startup Sisu launches diagnostic analytics platform with $52.5M in funding from NEA and Andreessen Horowitz
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. As more organizations implement modern data pipelines and cloud data warehouses, they can no longer rely on traditional BI tools to analyze their data at scale. Enter Sisu, a data analytics startup and a provider of diagnostic platform for structured data. The company automates the process of monitoring, diagnosing, and explaining changes to key metrics over ten times faster than any other method.
Yesterday, Sisu announced it has secured $52.5M in a Series B funding round to accelerate its expansion in the rapidly growing operational analytics market. The round was led by NEA, with participation from Andreessen Horowitz, the a16z Cultural Leadership Fund, and Green Bay Ventures. The funding, which brings Sisu’s total capital raised to $66.7 million, coincides with the public launch of Sisu’s data analytics platform.
Founded in 2018 by Stanford Professor Peter Bailis, the San Francisco, California-based Sisu is the fastest and most comprehensive diagnostic platform for structured data. 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 toughest 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,” 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.”
“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.”
“We couldn’t believe how quickly we found actionable facts in the data,” said Kal Raman, Chief Digital Officer at Samsung. “With Sisu we were able to make recommendations to our marketing leadership in hours that normally would have taken weeks. It’s making our analytics process more collaborative and more effective.”
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.
“Everybody has a lot of data, but very few companies can wield it effectively. Sisu is a breakthrough technology that enables companies to instantly understand why their most important business metrics are changing,” said Ben Horowitz, General Partner at Andreessen Horowitz. “I followed Peter’s ground-breaking research, so when he decided to turn it into a company, I was all in.”