Sigmoid closes $12 Mn Series B round led by Sequoia

Data engineering and AI solutions startup Sigmoid has raised $12 million in its Series B round 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, the company said in a press release.

Founded in 2013 by Lokesh Anand, Mayur Rustagi and Rahul Kumar Singh, Sigmoid builds reliable, scalable data pipelines and accelerators which empower organizations with faster access to business insights. It combines data engineering and AI consulting to help enterprises gain competitive advantage through effective data-driven decision making. 

Sigmoid is a team of over 500 data professionals, providing deep expertise in data engineering, cloud data modernization, artificial intelligence, and DataOps.

Sequoia Capital India and Sequoia Capital Southeast Asia actively partner with founders from a wide range of companies, across categories, including Byju’s, CRED, Druva, Five Star Finance, Freshworks, GoTo, Groww, Kopi Kenangan, Mamaearth, Pine Labs, Polygon, Razorpay, Truecaller, Zomato and more. 

Last month, Sequoia’s Surge selected 15 startups for its seventh cohort.