Sigma Gets $30 Million In Key Funding
April 30, 2020
Once the economic ramifications from the COVID-19 pandemic are underway and you are adjusting your investment portfolio, data analytics company stocks should not lose any value. Why? Data analytics platforms are in high demand and Sigma Computing recently nabbed: “Sigma Computing Raises $30 Million More For Cloud Data Analytics Tools” says Venture Beat.
Sigma Computing held a series B round of founding and added another $30 million to their fund. Investors in the second funding round include Sutter Hill Ventures and Altimeter Capital. CEO for Sigma Computing Rob Woollen said the money would be used for product development and product support.
Woollen stated that data is useless without making it comprehendible and capable of delivering actionable BI insights. Sigma makes data useable, but also keeping in mind the importance of governance, security issues, and compliance. Sigma uses a spreadsheet-like UI that transforms data from any source into useful insights, plus the search tool is powerful:
“Searches can be performed by natural language and by filter, the results of which can be compiled in an embeddable report and delivered via email. 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 Computing includes Zumper, Navis, LendUp, Clover, Volta, and Olivela among their clients. They sell software for data visualization and big data/business analytics, both markets combined are worth over $11 million. It sounds like a good investment.
Whitney Grace, April 30, 2020
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