San Francisco, September 15th, 2022 - Sigmoid, a data engineering, analytics and AI solutions company, announced that it has closed a Series B investment of $12 million, in a mix of primary and secondary funding from Sequoia Capital India. This takes Sequoia Capital India's total investment in Sigmoid to $19.3 million. The new capital will fuel the company's plan to evolve its market offerings, expand delivery centers and cater to new industries.

By 2025, Gartner states that 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance. Enterprises today struggle to reap the full benefits of the data ecosystem and Sigmoid aims to address this with its cutting-edge data solutions, AI engineering, and cloud data migration services. Leveraging an agile framework for data, Sigmoid focuses on delivering the highest possible ROI to customers in the shortest possible time. Additionally, the prebuilt accelerators deliver a high success rate for analytics initiatives while ensuring fast delivery of projects, consistently. Many large enterprises in consumer goods, retail, financial services, and other industries turn to Sigmoid to extract strategic business value from data and make smarter business decisions.

“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,” said Lokesh Anand, CEO and Co-Founder at Sigmoid.

“The AI/ML market continues to grow year-on-year and alongside, the need for solutions to help enterprises adopt and harness this power is growing exponentially. The team at Sigmoid, which stands out for its data and AI engineering excellence, are well-positioned to capture this opportunity. As long term partners, we are excited to double-down on their goal to be the premier engineered data solutions and AI provider for accelerating digital transformation for enterprises across industries,” said Anandamoy Roychowdhary, Principal, Sequoia Southeast Asia.

Founded in 2013 by IIT alumni Lokesh Anand (CEO), Mayur Rustagi (CTO) and Rahul Kumar Singh (CAO), Sigmoid is rightly positioned to accelerate digital transformation for enterprises across industries, with data. Sigmoid builds reliable, scalable data pipelines and accelerators which empower organizations with faster access to business insights.


About Sigmoid

Sigmoid combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making. Some of the world's largest data producers are engaging with Sigmoid to solve complex business problems. Sigmoid is a team of 500+ data professionals, providing deep expertise in data engineering, cloud data modernization, artificial intelligence, and DataOps.

About Sequoia Capital India & Southeast Asia

Sequoia helps daring founders build legendary companies, from idea to IPO to beyond.

Sequoia Capital India and Sequoia Capital Southeast Asia actively partner with founders from a wide range of companies, across categories, including BYJUs, CRED, Druva, Five Star Finance, Freshworks, GoTo, Groww, Kopi Kenangan, Mamaearth, Pine Labs, Polygon, Razorpay, Truecaller, Zomato and more.We spur founders to push the boundaries of what's possible. In partnering with Sequoia, startups benefit from over 50 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn, and Stripe early on. From the beginning universities, endowments, and other non-profits have been the backbone of our investor base which means founders' accomplishments make a meaningful difference. For

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