Cloud analytics platform Sigma has secured $80 million in a Series E financing round, reaching a $3 billion valuation. [2, 5] The investment was led by Princeville Capital, with new strategic participation from Databricks Ventures, ServiceNow Ventures, and Workday Ventures. [2, 3, 8] Several previous investors, including Altimeter Capital and Spark Capital, also contributed to the round. [2, 8]
The funding follows a period of strong performance for Sigma, which recently surpassed $200 million in annual recurring revenue and reported over 100% year-over-year growth. [2, 3] The company provides a platform with a spreadsheet-like interface that allows business users to analyze data directly from cloud data warehouses. [3, 9] Vivian Huang, a partner at Princeville Capital, will join Sigma's Board of Directors. [2]