SiSense Wins Quarter Million Dollar Prize, Takes Top Honor in "Take the H.E.L.M." Competition New York City Economic Development Corporation recognizes SiSense as most promising company
NEW YORK, November 25, 2013 /PRNewswire/ --
SiSense, the Big Data Analytics Company, today announced that it is winner of the global "Take the H.E.L.M." competition, along with its $250,000 prize. The competition is held by the NYC Economic Development Corporation (NYCEDC) to encourage the most promising and innovative companies to make Lower Manhattan their home. The win comes just days after SiSense CTO Eldad Farkash won the World Technology Award for his invention of In-Chip big data analytics.
SiSense, which recorded 520% growth, recently opened its North American headquarters on Wall Street in Lower Manhattan. The fast-growing company counts among its customers global brands including Target and Merck, as well as hot startups such as Wix.
More than 300 companies from the U.S. and around the world applied for the H.E.L.M. award. The judges were looking for companies that could contribute most to the economic development of Lower Manhattan. The selection committee included venture capitalists, former SEC chair Arthur Levitt, bankers and the President of the New York City Economic Development Corporation.
"We are honored," says SiSense CEO Amit Bendov. "Lower Manhattan is a fantastic place to run a hyper-growth global business, with excellent transportation, plenty of affordable office space, an under-utilized talent pool, and proximity to the world's largest companies.
"The competition is part of an incredible effort to revitalize Lower Manhattan after 9/11 and Hurricane Sandy," added Bendov. "With our tremendous growth and high demand for our big data analytics solution, we look forward to creating hundreds of new jobs."
"The Take the H.E.L.M. competition is really about two things: transforming New York City into the most competitive city in the planet, and propelling Lower Manhattan forward into the next stage of incredible rebirth," said NYCEDC President Kyle Kimball.
SiSense helps business users make sense of big data without the need for a data science team or expensive hardware to deploy. Its unique In-Chip technology can analyze 100X more data at 10x the speed of traditional in-memory solutions. SiSense's In-Chip analytics technology is optimized around modern CPU architecture. While other technologies solely rely on RAM or on Disk, the analytics solution from SiSense uses the CPU, RAM and Disk, and decides in real-time how to best use machine capacity to its fullest to store, compress and access more data faster.
Download a free trial version of the software at http://www.sisense.com/Prism-free-trial
SiSense is democratizing Big Data Analytics by pioneering a new approach that enables organizations of all sizes to make sense of their data and put it to work. Hundreds of companies, from startups to large enterprises, are choosing SiSense's In-Chip technology -- which allows non-technical users to analyze 100X more data at 10X the speed of traditional in-memory solutions. With customers in 49 countries, including global brands like Target, Merck and NASA, SiSense won the Audience Choice award at the O'Reilly Strata conference and was designated one of the "10 Most Innovative New IT Ventures" at the Under the Radar conference.
Additional Awards and Recognition
- CRN, "10 Coolest Big Data Startups of 2013"
- CIO, Top 10 Big Data Startups to Watch
- Under the Radar, 10 Most Innovative New IT Ventures
- Frost & Sullivan, North American New Product Innovation of the Year Award
- Recent Coverage
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SOURCE Sisense Ltd