Sigma Computing raises $80 million Series E at $3 billion valuation, backed by Databricks, ServiceNow, and Workday ventures

"Sigma Computing has raised $80 million in Series E funding at a $3 billion valuation, doubling its worth in a year and positioning the San Francisco-based company as one of the most aggressively valued players in the business intelligence market. The round was led by Princeville Capital, with new strategic investors Databricks Ventures, ServiceNow Ventures, and Workday Ventures also participating. Previous backers including Altimeter Capital, Avenir Growth Capital, D1 Capital Partners, Spark Capital, and Sutter Hill Ventures returned for the round, and JP Morgan acted as placement agent."

"The valuation jump from $1.5 billion to $3 billion reflects a company that has doubled its revenue in the same period. Sigma announced in April that it had reached $200 million in annual recurring revenue, up from roughly $100 million a year earlier, with more than 2,000 customers and 1.1 million new active users added in the latest fiscal year. The customer list includes AMD, Duolingo, Colgate-Palmolive, and JPMorgan Chase."

"Sigma sells a cloud-native analytics platform that sits on top of data warehouses built by Snowflake, Databricks, and Google BigQuery. Its core proposition is that business users can query and analyse live warehouse data through a spreadsheet-like interface without writing SQL, while IT teams retain the governance and security controls that the warehouse provides. The platform supports spreadsheet operations, SQL, Python, and what the company now calls "AI Apps," all running against the warehouse's compute layer rather than copying data into a separate system."

Sigma Computing raised $80 million in Series E funding at a $3 billion valuation, doubling its value in a year. The round was led by Princeville Capital, with strategic participation from Databricks Ventures, ServiceNow Ventures, and Workday Ventures, and continued support from prior investors including Altimeter Capital, Avenir Growth Capital, D1 Capital Partners, Spark Capital, and Sutter Hill Ventures. JP Morgan acted as placement agent. The valuation increased from $1.5 billion to $3 billion alongside doubled revenue. Sigma reached $200 million in annual recurring revenue, up from about $100 million, with more than 2,000 customers and 1.1 million new active users added in the latest fiscal year. Sigma provides a cloud-native analytics platform on top of Snowflake, Databricks, and Google BigQuery, enabling business users to query live warehouse data through a spreadsheet-like interface without writing SQL while preserving IT governance and security controls.

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