Sigma plans to use the new funds to enhance its platform's integrations with generative AI models and expand its presence in the U.S. and international markets. The company, which has reportedly doubled its revenue each year for the past four years, recently introduced several AI features to its platform, including the ability for Snowflake users to generate forecasts based on historical data and the integration of large language models.
Key takeaways:
- Sigma Computing Inc., a business intelligence startup, has raised $200 million in a Series D funding round led by Spark Capital and Avenir Growth Capital, valuing the company at $1.5 billion.
- The platform provided by Sigma allows companies to analyze and visualize their data without needing to export it from their data warehouses, improving security and ensuring up-to-date information.
- Sigma recently introduced artificial intelligence features to its platform, including the ability for Snowflake users to generate forecasts based on historical data and the addition of Sigma Copilot, which allows interaction with business information using natural language prompts.
- The company plans to use the newly raised funds to enhance its platform’s integrations with generative AI models and expand its presence in the U.S. and international markets.