Sigma Computing raised $300 million in Series C funding to enable organizations to analyze data with a spreadsheet-like interface, according to a press release. Including participation from new and existing investors, Sigma’s latest venture capital raise now brings the company’s total earned to more than $380 million since its founding in 2014. Sigma touts a growing list of customers like US Foods, Blackstone, and Athenahealth. This funding news comes on the heels of the company’s release of Sigma Workbooks in June.
Sigma Computing offers a no-code business intelligence and analytics solution designed for use with cloud data warehouses. The product features an intuitive, spreadsheet-like user interface that provides users with the familiarity of Excel. Guided data warehouse access ensures that data remains secure, compliant, and in context. When users take action in Sigma, it automatically translates them into SQL. All queries are run live against the cloud data warehouse, and the results are passed back to Sigma.
Sigma was founded to meet the needs of analysts who work with spreadsheets and want to use data in Snowflake. Co-Founder and CTO Rob Woollen added: “We founded Sigma with the promise of removing the timely and costly bottleneck that came with having to work in code to actually leverage large data warehouses for business intelligence.”
In a media statement on the news, Sigma Computing CEO Mike Palmer said: “The delta between an enterprise’s performance and its potential is the speed and accuracy of the decisions it makes across its organization. We are erasing that delta for competitive companies that want to arm their departments — from operations, finance, marketing and beyond — with the data they need to make decisions quickly and without frustrating delays and dependencies.”
Read From Series B to C: An Interview with Mike Palmer, CEO of Sigma Computing in the company’s blog to learn more.