Sigma Computing has successfully raised $258 million over four funding rounds, achieving a valuation of over $1 billion. The platform offers modern analytics and business intelligence tools built for the cloud, empowering business teams to explore data and make decisions without coding.
Keep reading to explore the intricacies of Sigma Computing's fundraising journey and the investors backing this innovative platform.
What Is Sigma Computing?
Sigma Computing, founded by Jason Frantz and Rob Woollen, is a cloud-based analytics and business intelligence platform. Established in San Francisco, the company empowers business teams to explore data and make decisions without coding.
With a workforce of 201-500 employees, Sigma Computing offers tools that include collaboration features, embedded analytics, and AI capabilities. The platform is designed to handle large datasets efficiently, providing real-time insights and secure data management.
For more information, visit their official website or explore career opportunities on their Wellfound page.
How Much Funding Has Sigma Computing Raised?
- Series A
- Amount Raised: Not specified
- Date: April 2014
- Lead Investors: Sutter Hill Ventures
- Motivation Behind the Round: To scale operations, develop products, and expand market reach.
- Series B
- Amount Raised: Not specified
- Date: January 2018
- Lead Investors: Altimeter Capital
- Motivation Behind the Round: To accelerate growth and enhance product capabilities.
Sigma Computing has raised a total of $258 million over its funding rounds, with a current valuation of over $1 billion.
Key Investors
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm that primarily invests in technology-based start-ups. They have a long history of backing successful companies in the tech industry.
- Investment Focus Areas: Technology, Enterprise Software, Cloud Computing
- Notable Investments: Pure Storage, Snowflake, Sumo Logic
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm managing both public equity funds and growth-stage private equity funds. They aim to support companies that are transforming industries through technology.
- Investment Focus Areas: Technology, Public Equity, Growth-Stage Private Equity
- Notable Investments: Snowflake, Unity Technologies, HubSpot
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in early-stage technology companies. They have a strong track record of identifying and supporting innovative startups.
- Investment Focus Areas: Technology, Media, Consumer Internet
- Notable Investments: Twitter, Slack, Oculus VR
- Avenir Growth Capital
- Details: Avenir Growth Capital specializes in growth-stage investments across various sectors, including technology. They focus on companies with significant growth potential.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Not explicitly mentioned, but typically invests in high-growth technology companies.
- Snowflake Ventures
- Details: Snowflake Ventures is the investment arm of Snowflake, focusing on companies that are part of the Snowflake ecosystem. They aim to foster innovation in data and cloud computing.
- Investment Focus Areas: Data Analytics, Cloud Computing, SaaS
- Notable Investments: Companies within the Snowflake ecosystem, focusing on data analytics and cloud computing.
What's Next for Sigma Computing?
As Sigma Computing looks to the future, the opportunities are vast. With a strong focus on AI/ML, collaboration, and cloud integrations, the company is well-positioned to capitalize on the growing demand for data-driven decision-making. The potential market size is substantial, given their solutions cater to diverse industries like financial services, healthcare, and retail.
Future fundraising seems promising, especially with the successful completion of Series A and B rounds. This financial backing will likely fuel further product development and market expansion. However, challenges such as intense competition and ensuring data security across multiple cloud platforms could pose hurdles.
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