Sigma Raises $200M Series D

Sigma, a San Francisco, CA-based provider of a cloud analytics solution built natively for cloud scale, raised $200M in Series D funding.

The round was led by Spark Capital and Avenir Growth Capital with participation from new investor NewView Capital. All previous investors also participated, including Snowflake Ventures, Sutter Hill Ventures, D1 Ventures, Xn Ventures, and Altimeter Capital.

The company intends to use the funds to continue to expand operations and its business reach.

Led by CEO Mike Palmer, Sigma aims to innovate business intelligence through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption, which enable instant, in-depth data analysis on billions of records through a spreadsheet interface. The company recently announced it was rolling out new product features including:

  • The AI Toolkit for Business
  • Capabilities to build scalable Data Applications
  • A notebook-style experience in Sigma for both SQL and Python coding experiences
  • User experience enhancements to Sigma’s Embedded Analytics product

Commenting on the news, Mike Palmer said: “Sigma is proving that there is deep market demand for driving greater productivity and monetization as a result of the cloud data transition. Just as infrastructure has consolidated on just a few cloud providers, and cloud data with even fewer application providers, Sigma is the winner in the application space, enabling everyone, from the least to the most technical employees, to gain new value from their cloud investment.”