Sigmoid raises $12Mn in Series B funding

Sigmoid has raised $12 million in a Series B round from Sequoia Capital India in a mix of primary and secondary funding. Sigmoid leverages data engineering and artificial intelligence to build solutions that help organisations make data-based decisions.

The startup plans to use this capital for market growth, expansion of delivery centres, and to focus on newer industry segments. The technology solutions of Sigmoid have been deployed across enterprises in sectors such as consumer goods, retail, financial services etc.

Lokesh Anand, CEO and Co-founder of Sigmoid said, “The last 12 months have been an inflexion point in our growth story. As we gear towards our next phase of growth, we are happy to see Sequoia Capital India continue to believe in us. This will help us to rapidly expand our capabilities in terms of solutions and talent to meet the ever-growing customer demand.”

Sigmoid builds reliable, scalable data pipelines and accelerators which empower organizations with faster access to business insights. It combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making. Sigmoid is a team of over 500 data professionals, providing deep expertise in data engineering, cloud data modernization, artificial intelligence, and DataOps.