Sigma Computing has raised $300 million in series C funding round. D1 Capital Partners and XN co-led the round with returning investors Sutter Hill Ventures and Altimeter Capital, and an investment from Snowflake Ventures. Reportedly, so far, Sigma Computing has raised $381.3 million to enable business and technical users to analyse data securely and at scale with the simplicity of a spreadsheet interface.
Sigma Computing reinvented the business intelligence category by empowering business users to explore live data and collaboratively build models and dashboards. While expanding data access to the broader enterprise, Sigma improves both performance and security through its unique architecture, which exclusively retains data in cloud warehouses like Snowflake. By putting billions of rows of live data directly into the hands of marketers, analysts, product managers, and other cross-functional business team members, real-time decisions can be made on critical business processes in supply chain, customer engagement, budgeting and more.
Commenting on the development, Mike Palmer, CEO, Sigma Computing, said, “The delta between an enterprise’s performance and its potential is the speed and accuracy of the decisions it makes across its organization. We are erasing that delta for competitive companies that want to arm their departments, from operations, finance, marketing and beyond, with the data they need to make decisions quickly and without frustrating delays and dependencies.”
Meanwhile, Rob Woollen, CTO and co-founder, Sigma Computing, said, “We founded Sigma with the promise of removing the timely and costly bottleneck that came with having to work in code to actually leverage large data warehouses for business intelligence. Overcoming these technical challenges with accessible no-code workbooks met that promise, easing processes for large organizations and allowing decision-makers to pull insights directly in real-time while also making this technology accessible and scalable for anyone to use.”
