Sigma Computing has closed 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 investors including Altimeter Capital and Spark Capital also returned.
The company doubled its revenue over the past year, reaching $200 million in annual recurring revenue. It now serves over 2,000 customers, including AMD, Duolingo, and JPMorgan Chase.
Sigma's platform sits atop cloud data warehouses like Snowflake and Databricks. It allows users to analyze live data using a spreadsheet interface, without moving or copying data. This “warehouse-native” architecture preserves existing security and governance controls.
With the new funding, Sigma is pivoting toward “agentic analytics.” Its product, Sigma Agents, are customizable, no-code AI agents that operate inside third-party data warehouses. They can run interactively, autonomously, or externally via API calls. Sigma says agents are its fastest-adopted product ever.
CEO Mike Palmer emphasized that Sigma provides a trusted system for “vibe-coded” applications, ensuring governance and security as enterprises rapidly adopt AI.
Investors see Sigma as a foundation for enterprise AI workflows. Princeville Capital’s Vivian Huang noted its “warehouse-native architecture and strong operating discipline at scale” position it to lead how enterprises operationalize AI on their data.