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sigmoid colon, A data engineering, analytics and artificial intelligence solutions company, raised $12 million in a Series B round of primary and secondary funding from Sequoia Capital India. This brings Sequoia Capital India’s total investment in Sigmoid to $19.3 million. The funds raised will be used to advance the company’s plans to grow its market offerings, expand delivery centers and cater to new industries.
“The past 12 months have been a turning point in our growth story. We are delighted to see Sequoia Capital India continue to believe in us as we move towards the next phase of growth. This will help us rapidly expand our capabilities. Sigmoid CEO Officer and co-founder Lokesh Anand said:
Sigmoid is a team of 500+ data professionals offering deep expertise in data engineering, cloud data modernization, artificial intelligence and DataOps. For a leading F500 FMCG company, Sigmoid developed an adaptive multi-touch attribution model to enable dynamic campaign optimization to generate faster bi-weekly insights in a cost-effective manner. This resulted in an 11% improvement in marketing ROI, the company said in a statement.
“The AI/ML market continues to grow year over year, and at the same time, the demand for solutions that help businesses adopt and leverage this capability is growing exponentially. Sigmoid’s team is known for their excellence in data and AI engineering, and they are Anandamoy Roychowdhary, Head of Sequoia Capital, said: “As a long-term partner, we are excited to double down on our efforts to become a premier provider of engineering data solutions and artificial intelligence to accelerate the digital transformation of enterprises across industries. “Southeast Asia.
Founded in 2013 by Lokesh Anand (CEO), Mayur Rustagi (CTO) and Rahul Kumar Singh (CAO), Sigmoid is well positioned to use data to accelerate the digital transformation of enterprises across industries. Sigmoid builds reliable, scalable data pipelines and accelerators that enable organizations to gain business insights faster.