$200M in Series D financing was secured by Sigma, a San Francisco, California-based supplier of cloud analytics software designed from the ground up for cloud scalability.
Investors
- Avenir Growth Capital
- Spark Capital
- NewView Capital
- Snowflake Ventures
- Sutter Hill Ventures
- D1 Ventures
- Xn Ventures
- Altimeter Capital
Use of funds
The money will be used by the company to keep growing both its operations and its clientele.
“Sigma is demonstrating that there is a strong market need to drive increased productivity and monetization as a result of the cloud data transformation. As cloud infrastructure has been concentrated around a small number of cloud providers, and cloud data around an even smaller number of application providers, Sigma has emerged victorious in the application arena, allowing all employees—from the least technical to the most technical—to get additional value out of their cloud investment.” Mike Palmer responded to news.
About Sigma
With its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption, Sigma, led by CEO Mike Palmer, aims to innovate business intelligence through the use of a spreadsheet interface to provide instantaneous, in-depth data analysis on billions of records. The business recently said that additional features for its products will be available, such as:
- The Business Capabilities AI Toolkit for Developing Scalable Data Applications
- A notebook-style Sigma coding experience for both Python and SQL
- Improvements to Sigma’s Embedded Analytics product’s user interface
