Valuation Is a Milestone, Not a Cause for Celebration, Says Sisense CEO
Summary
In January, a $100 million investment from New York-based venture capital and private equity firm Insight Partners admitted Israeli business intelligence company Sisense Ltd. into the unicorn club. Sisense’s technology enables companies to cross-reference an unlimited number of data and receive in return business insights that are simple to both understand and execute. “The CEO asked its data department to bring back an answer within an hour to these questions: would it be better to ship the cargo on expensive flights, or accept a fine for delays? “They called my house and told me to come to some grove I did not know to meet with a man I had never heard of,” Orad described the process that landed him at the heart of the army’s tech operations, where Gil Shwed, Shlomo Kramer, and Nir Zuk already were. “After RSA was sold to EMC, I understood that even if I double our sales, no one would notice, because it would be just one number on the sheet of the huge merged company.” At this point he was scouted to manage Actimize, a startup developing anti-fraud technology for banks.
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