Sigma, the first and only cloud analytics solution built natively for cloud scale, announced further evidence it is the market growth leader in cloud data analytics and the go-to application and workflow platform for cloud data apps. The company announced it has raised $200M in Series D financing to continue transforming BI through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption.
Spark Capital and Avenir Growth Capital co-led the round with additional investments from new investor NewView Capital. All previous investors participated in the round, including Snowflake Ventures, Sutter Hill Ventures, D1 Ventures, Xn Ventures, and Altimeter Capital. The Series D funding, raised at a valuation 60% higher than the company’s Series C round three years ago, promises to further accelerate Sigma’s growth.
“Spark Capital is proud to partner with Sigma on its journey toward building a market leading data analytics platform. It’s been amazing to witness how quickly Sigma becomes pervasive within a company once users get their hands on the tool and are empowered to make faster, smarter, and more data-driven business decisions,” said James Kuklinski, General Partner, Spark Capital. “Unique features like Sigma’s Input Tables allow teams to effortlessly incorporate deeper context into their analyses by bringing their own data directly into the cloud data warehouse, all without writing any code. That kind of capability spreads like wildfire through enterprises and unlocks a new level of decision-making and collaboration.”
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“As users of Sigma ourselves, we’ve experienced firsthand how powerful it is to democratize access to data and get it into the hands of users in an interface they are familiar with,” said Jared Sleeper, Partner, Avenir Growth Capital. “For the first time, people in charge of making business decisions can access their organizations’ data as if it were in a spreadsheet, building conviction and generating insights faster than ever before.”
Added Nick Bunick, Principal, NewView Capital, “It’s rare to see software proliferate across organizations the way Sigma has, which speaks to how exceptional Sigma’s team and product is. What makes Sigma so unique is the ability to use their product across SQL, Python, spreadsheets and natural language as a true warehouse and lakehouse native product.”
SOURCE: Businesswire