$200m for Spreadsheet-Based Analytics Firm Sigma

In San Francisco, cloud analytics solution Sigma has announced $200m in series D financing, for use in continued development of its no-code spreadsheet-style big data analytics offering.

Sigma's software allows users to perform 'instant, in-depth' data analysis on billions of records in data warehouses and company systems through an intuitive spreadsheet interface, with no coding or specialist expertise required.

The round was co-led by Spark Capital and Avenir Growth Capital, joined by new investor NewView Capital and all the company's previous investors, including Snowflake Ventures, Sutter Hill Ventures, D1 Capital Partners, XN and Altimeter Capital.

James Kuklinski, General Partner at Spark Capital notes: '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'.

Sigma CEO Mike Palmer comments: 'Sigma is proving that there is deep market demand for driving greater productivity and monetization as a result of the cloud data transition... With the product enhancements we're rolling out related to AI, Python and data applications, Sigma is defining the next category of data platforms and, as a result, also driving industry leading growth and adoption from the Fortune 10 to the latest startup'.

Web site: www.sigmacomputing.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.