Sigmoid Raises $12 Million In Sequence B Funding
Sigmoid, an information engineering, analytics, and AI options firm, has raised $12 million in Sequence B funding, in a mixture of main and secondary funding from Sequoia Capital India. This takes Sequoia Capital India’s complete funding in Sigmoid to $19.3 million. The Sigmoid fund raised might be used to gas the corporate’s plan to evolve its market choices, increase supply facilities and cater to new industries.
“The final 12 months have been an inflection level in our progress story. As we gear in the direction of our subsequent part of progress, we’re comfortable to see Sequoia Capital India proceed to imagine us. It will assist us to quickly increase our capabilities when it comes to options and expertise to satisfy the ever-growing buyer demand,” mentioned Lokesh Anand, CEO, and co-founder, of Sigmoid.
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Sigmoid is a crew of greater than 500 knowledge professionals, offering deep experience in knowledge engineering, cloud knowledge modernization, synthetic intelligence, and DataOps. For a number one F500 FMCG firm, Sigmoid developed self-adapting multi-touch attribution fashions to allow in-flight marketing campaign optimization, producing sooner bi-weekly insights in a price-efficient method. This resulted in an 11 percent enhancement in the return on advertising and marketing funding, as claimed by the corporate in a press release.
“The AI/ML market continues to develop year-on-year and alongside, the necessity for options to assist enterprises to undertake and harness this energy is rising exponentially. The crew at Sigmoid, which stands out for its knowledge and AI engineering excellence, is well-positioned to seize this chance. As long-run companions, we’re excited to double down on their objective to be the premier engineered knowledge options and AI supplier for accelerating digital transformation for enterprises throughout industries,” mentioned Anandamoy Roychowdhary, principal, of Sequoia Southeast Asia.
Based on 2013 by Lokesh Anand (CEO), Mayur Rustagi (CTO), and Rahul Kumar Singh (CAO), Sigmoid is rightly positioned to speed up digital transformation for enterprises throughout industries, with knowledge. Sigmoid builds dependable, scalable knowledge pipelines and accelerators which empower organizations with sooner entry to enterprise insights.
