Sigma Computing Proclaims $300M Assortment C From Co-Leads D1 Capital Companions and XN, Current Merchants Sutter Hill Ventures and Altimeter Capital, and Snowflake Ventures
computing 300m sequence d1 capital xn, SAN FRANCISCO–(BUSINESS WIRE)–Sigma Computing, the cloud analytics and enterprise intelligence (BI) innovator, launched proper this second it has raised $300M in Assortment C financing. D1 Capital Companions and XN co-led the spherical with returning merchants Sutter Hill Ventures and Altimeter Capital, and an funding from Snowflake Ventures. Up to now, Sigma Computing has raised $381.3M to permit enterprise and technical prospects to research info securely and at scale with the simplicity of a spreadsheet interface.
“Sigma is enabling organizations to be really data-driven by putting the ability of cloud info analytics instantly into the fingers of enterprise prospects. We’re excited to confederate with Sigma as a result of it builds the next-generation enterprise intelligence platform”
Sigma Computing is altering the way in which ahead for work by accelerating the tempo at which decisions are made. It reinvented the enterprise intelligence class by empowering enterprise prospects to find dwell info and collaboratively assemble fashions and dashboards. Whereas growing info entry to the broader enterprise, Sigma improves every effectivity and security by the use of its distinctive construction, which utterly retains info in cloud warehouses like Snowflake. By putting billions of rows of dwell info instantly into the fingers of entrepreneurs, analysts, product managers, and totally different cross-functional enterprise crew members, real-time decisions could possibly be made on important enterprise processes in present chain, purchaser engagement, budgeting and further. Its easy-to-use collaboration choices extra empower the enterprise by guaranteeing these decisions include all compulsory organizations. Sigma shoppers uncover options to advert hoc questions in seconds, iterate and work collectively on analyses, share narratives in a single unified place, and make data-driven decisions in moments, not weeks.
The company is doubtless one of many first to be purpose-built for Snowflake and is an Elite confederate of Snowflake. Prospects paying homage to US Meals, Blackstone, Athenahealth, and others have utilized its platform “Workbooks” to answer to shoppers shortly, approve transactions, improve present chain effectivity and further.
“Sigma has allowed us to know what’s potential as we unlock the true potential of our info,” talked about US Meals VP of Analytics & Data Science Chuck Sample. “As a primary foodservice distributor, partnering with roughly 300,000 consuming locations and foodservice operators, being able to shortly deal with service ranges all through our purchaser base is prime to meeting our shopper obligations. With Sigma, we have got been able to significantly cut back the time it takes to garner insights on the fly whereas allowing every the enterprise and BI teams to function on the subsequent stage.”
“The delta between an enterprise’s effectivity and its potential is the tempo and accuracy of the alternatives it makes all through its group,” talked about Sigma Computing CEO Mike Palmer. “We’re erasing that delta for aggressive companies that have to arm their departments — from operations, finance, promoting and advertising and marketing and previous — with the information they need to make decisions shortly and with out irritating delays and dependencies.”
Sigma was based mostly in 2014 to meet the needs of analysts who work with spreadsheets and wish to make use of info in Snowflake, thus eradicating the technical hurdles of making on visualization devices in SQL to run specific large info queries. Within the current day, Sigma provides a unified collaborative canvas that mixes spreadsheets, charts, and narratives, retaining all info initiatives synchronized in a single, self-contained platform for easy collaboration all through an organization. Sigma’s devices allow prospects to drill down into info anyplace on a dashboard and calculate any inquiry in direction of billions of rows of dwell info with no coding required. The company’s extraordinarily responsive UX moreover permits cross-functional teams to instantly conduct advert hoc analytics for in all probability probably the most granular-level insights in milliseconds in its place of hours. With Sigma, prospects can uncover instantaneous options to their info questions with out going by the use of their BI crew, and may embed Workbooks to easily share with licensed prospects.
“We based mostly Sigma with the promise of eradicating the nicely timed and expensive bottleneck that acquired right here with having to work in code to actually leverage large info warehouses for enterprise intelligence,” talked about Sigma Computing CTO and Co-Founder Rob Woollen. “Overcoming these technical challenges with accessible no-code Workbooks met that promise, easing processes for large organizations and allowing decision-makers to tug insights instantly in real-time whereas moreover making this know-how accessible and scalable for anyone to utilize.”
INVESTOR QUOTES
“Sigma is enabling organizations to be really data-driven by putting the ability of cloud info analytics instantly into the fingers of enterprise prospects. We’re excited to confederate with Sigma as a result of it builds the next-generation enterprise intelligence platform,” talked about D1 Capital Companions Founder and Chief Funding Officer Dan Sundheim.
“Sigma has solved a very arduous technical downside, creating the first cloud-native info analytics platform accessible to any enterprise shopper. Prospects rave about Sigma’s ease of use, scalability, and the productiveness optimistic components it unlocks by enabling data-driven decision-making all through departments,” talked about XN Founder Gaurav Kapadia. “We’re excited to help lead this spherical of funding and help Sigma as they rapidly scale and democratize info analytics for organizations of all sizes.”
“Merely as Snowflake modified the information warehouse, so too will Sigma change enterprise intelligence. With Sigma, we reimagined BI from the underside up for the cloud info warehouse. Sigma’s product is extraordinary, as is the crew that constructed it. When you ought to make the most of a spreadsheet, now you must make the most of a cloud info warehouse like educated,” talked about Sutter Hill Ventures Managing Director Mike Speiser.
“We actually really feel that Sigma has been making a popularity for itself with a differentiated reply that is proving invaluable for the enterprise neighborhood,” talked about Altimeter Capital Confederate Kevin Wang. “We’re proud to be investing of their latest spherical and excited to see the place their continued improvement takes them and the organizations leveraging their great know-how.”
“Snowflake Ventures’ funding in Sigma will proceed to allow our shoppers to easily interact with Snowflake. This accommodates analysts getting up and working in minutes, collaborating, and shortly analyzing info,” talked about Snowflake Ventures Head of Firm Enchancment Stefan Williams. “As one in every of many early companies purpose-built natively on Snowflake, Sigma is about as a lot as take full good thing about the Data Cloud and its distinctive group affect. Collectively we’re furthering our mission of enabling every group to be data-driven.”
ABOUT SIGMA
Sigma is the one cloud analytics and enterprise intelligence reply empowering enterprise teams to interrupt free from the confines of the dashboard, uncover dwell info independently, and make greater, faster decisions. The award-winning platform capitalizes on the ability of cloud info warehouses to combine info sources and analyze billions of rows of data instantly by way of an intuitive, spreadsheet interface for info analysis – no coding required. Sigma automates workflows and balances info entry with unparalleled info governance to make self-service info exploration accessible to everyone and guarded for the first time. https://www.sigmacomputing.com.
