tech
Sigma Computing raises $80 million Series E at $3 billion valuation, backed by Databricks, ServiceNow, and Workday ventures
Sigma Computing has raised $80 million in Series E funding at a $3 billion valuation, doubling its worth in a year. The round was led by Princeville Capital, with strategic investments from Databricks Ventures, ServiceNow Ventures, and Workday Ventures.
TL;DR
- Sigma Computing raised $80 million in Series E funding at a $3 billion valuation.
- The round was led by Princeville Capital, with participation from Databricks Ventures, ServiceNow Ventures, and Workday Ventures.
- The company's valuation doubled in a year, reflecting doubled revenue to $200 million ARR.
- Sigma's platform allows business users to query live data via a spreadsheet-like interface without SQL, while IT retains control.
- The company is moving into 'agentic analytics' with its Sigma Agents product, which offers customisable AI agents.
- Strategic investments from Databricks, ServiceNow, and Workday Ventures signal a complementary view of Sigma's technology.
- The $80 million funding will support Sigma's next phase of growth and competition in the AI analytics market.