Sigma, based in San Francisco, has secured $200 million in Series D funding, signaling a significant milestone for the cloud analytics provider. The funding round was spearheaded by Spark Capital and Avenir Growth Capital, with participation from new investor NewView Capital. Notably, all previous investors, including Snowflake Ventures, Sutter Hill Ventures, D1 Ventures, Xn Ventures, and Altimeter Capital, also contributed to the round.
The infusion of capital will fuel Sigma’s ongoing expansion efforts and broaden its business reach. Under the leadership of CEO Mike Palmer, Sigma is committed to driving innovation in business intelligence. The company’s cloud analytics solution is built natively for cloud scale, empowering users to conduct instant, in-depth data analysis on vast datasets through a familiar spreadsheet interface.
Sigma’s recent product enhancements include:
- The AI Toolkit for Business
- Capabilities for building scalable Data Applications
- A notebook-style experience in Sigma for both SQL and Python coding
- User experience enhancements to Sigma’s Embedded Analytics product
Mike Palmer expressed enthusiasm about the funding, highlighting Sigma’s role in meeting market demand for increased productivity and monetization amid the cloud data transition. He emphasized Sigma’s commitment to enabling users across technical skill levels to derive new value from their cloud investments.
With this substantial funding injection, Sigma is poised to accelerate its trajectory as a leader in cloud analytics, driving innovation and delivering tangible value to its expanding customer base.
