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Sigma Computing raises $30 million more for cloud data analytics tools

[2019.11.13, Wed 13:05] Sigma Computing, a San Francisco-based startup developing a cloud-hosted data analytics platform, today revealed that it's nabbed $30 million in an extension of its series B round, bringing the total raised so far to around $60 million. "Data is worthless without a tool that empowers teams to properly explore it and uncover actionable business intelligence. At Sigma, we're committed to empowering the curious by making data accessible for everyone at an organization, while keeping a laser focus on the governance, compliance, and security issues that often plague other data products." Sigma's spreadsheet-like frontend supports upwards of 10 billion rows, with formulas, calculations, and definitions that transform data from any source. Where collaboration is concerned, Sigma's link feature enables users to map data relationships and add linked data to documents. The platform's workspaces are conducive to sharing - they can be circulated among teams, departments, or entire organizations - and spotlight important data blocks, worksheets, and interfaces with visual badges and a range of visualizations. Sigma has a foot in two market segments: data visualization, which was valued at $4.51 billion in 2017 and which is expected to reach $7.76 billion by 2023, and the big data and business analytics market, which could grow to $274 billion in 2022. "Along with Altimeter, Sutter Hill has doubled down on its investment in Sigma as a vote of confidence in the company's seasoned leadership team and its unprecedented solution," said Mike Speiser, Sigma board member and Sutter Hill Ventures managing director.
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