- Sisu is a brand new cloud startup whose platform makes use of AI to assist companies draw much more superior insights from the huge quantities of information they’re storing within the cloud.
- Sisu simply got here out of stealth mode this week and introduced that it has secured $52.5 Sequence B funding from NEA and Andreessen Horowitz, which led the corporate’s preliminary spherical when it launched final 12 months. Sisu has raised a complete of $66.7 million in funding.
- CEO and founder Peter Bailis, a pc science professor at Stanford, mentioned he obtained the startup’s identify from his mom, whose mother and father are from Finland. In Finnish, “sisu”means “grit” which she mentioned was what the work Bailis was doing required.’
- Click on right here for extra BI Prime tales.
Peter Bailis, the CEO and founding father of Sisu, mentioned he obtained the startup’s identify from his mom, whose mother and father got here from Finland.
Sisu began as a analysis mission at Stanford, the place Bailis is a pc science professor. His objective was to determine “how do we make machine learning, not just more accurate, but also more useful.” Sisu is a cloud startup that makes use of AI to assist corporations course of huge quantities of information to shortly acquire helpful insights for operating a enterprise.
It is a hefty problem. The truth is, it was when he defined what he was doing to his mother that she mentioned it could take numerous “sisu” — Finnish for “grit.”
“You need a lot of grit to essentially leverage the amounts of data inside an enterprise to put it to work,” Bailis, who grew up in Nebraska and obtained his PhD from UC Berkeley, mentioned. “It’s a massive computational challenge. It’s also an organizational challenge.”
The San Francisco-based firm got here out of stealth mode this week because it unveiled its information analytics platform for the primary time. It additionally mentioned it has secured a $52.5 million Sequence B funding from traders that embrace NEA and Andreessen Horowitz.
Ben Horowitz, cofounder of Andreessen Horowitz, had led the $14.2 million Sequence A spherical when the corporate launched final 12 months. Sisu has raised a complete of $66.7 million, and has about 20 workers. Its platform is now utilized by tech large Samsung, Upwork, the freelancing platform, and the salad restaurant chain Mixt.
Sisu highlights the pattern of cloud startups constructing instruments that assist companies course of and make extra use of huge quantities of information they’re storing within the cloud, normally on information warehousing platforms similar to Snowflake, Amazon Redshift and Google BigQuery.
Bailis mentioned Sisu is trying to provide extra subtle instruments to assist companies handle a continuously growing quantity of information.
“Data has gotten more complex and its arriving all the time,” Bailis informed Enterprise Insider. “It’s constantly coming in.”
He referred to as the data “context-rich data” based mostly on a rising variety of information factors that may very well be used for analyzing a enterprise.
“You hear about the doubling of data volume every two years,” he mentioned. ” It’s not like people are making twice as many purchases or buying twice as many coffees. But each piece of data is being accompanied by more and more context.”
For instance, information a couple of buyer who purchases an merchandise, might embrace different items of data: the place the acquisition was made, what advertising and marketing marketing campaign the shopper was uncovered to, what mannequin of an merchandise was bought.
“We think there’s an opportunity for a new type of analytics, a true diagnostic layer,” Bailis mentioned. “It’s like having a trusted advisor telling you what’s going on in your business and help you understand what to do about it.”
This is the pitch deck Bailis used to safe Sisu’s newest funding: