Friday, September 22, 2023

Sigmoid Secures USD 12 Million to Scale Its Data Engineering and Analytics Platform

By ET Bureau - September 15, 2022 1 Mins Read

Following a great year of development, Sigmoid, a startup that aids businesses in the U.S., U.K., and Europe in sorting through their data and getting better insights from it, announced that it had raised USD 12 million in a new fundraising round.

The business with its headquarters in San Francisco received Series B funding from Sequoia Capital India, which included the purchase of some secondary shares, according to the two. According to a release, the massive investment firm, which earlier this year disclosed USD 2.85 billion funds for India and Southeast Asia, has so far invested USD 19.3 million in Sigmoid.

Lokesh Anand, Mayur Rustagi, and Rahul Kumar Singh, three IIT graduates who founded Sigmoid in 2013, provide analytics and AI solutions to businesses all over the world.

Read More: Sigmoid raises $12 million to scale its data engineering and analytics platform


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