TLDR:
- Sigma, a cloud analytics provider, raised $200M in Series D funding
- Investors included Spark Capital, Avenir Growth Capital, and NewView Capital
Sigma, a San Francisco-based cloud analytics provider, secured $200M in Series D funding led by Spark Capital and Avenir Growth Capital, with participation from NewView Capital and existing investors. The company, under the leadership of CEO Mike Palmer, focuses on innovating business intelligence through AI infrastructure and enterprise-wide collaboration to enable instant, in-depth data analysis on billions of records through a spreadsheet interface. The funding will be used to expand operations and business reach. Sigma recently announced new product features such as the AI Toolkit for Business Capabilities and a notebook-style experience for SQL and Python coding. Palmer emphasized the market demand for productivity and monetization resulting from the cloud data transition, positioning Sigma as a key player in driving value from cloud investments.
