Cloud-native data analytics startup Sigma Computing has closed on an $80 million Series E funding round, doubling its valuation to $3 billion. The round was led by Princeville Capital, with participation from Databricks Ventures, ServiceNow Ventures, and Workday Ventures. Existing backers including Altimeter Capital and D1 Capital Partners also invested.
Sigma has doubled its revenue over the past year, reaching $200 million in annual recurring revenue. It now serves more than 2,000 customers, including AMD, Duolingo, and JPMorgan Chase.
Its platform sits above cloud data warehouses like Snowflake and Databricks, allowing users to query live data through a spreadsheet interface without SQL expertise. The architecture ensures data governance and security are maintained without copying data.
Sigma is pivoting toward "agentic analytics" with its Sigma Agents product-customizable, no-code AI agents that run inside third-party data warehouses. These agents can operate interactively, autonomously, or externally. The company says Sigma Agents is the fastest-adopted product in its history.
CEO Mike Palmer emphasized that Sigma provides a trusted system for agentic analytics while maintaining governance, reliability, and security. The funding will help Sigma lead this emerging category as enterprise AI adoption accelerates.