Sigmoid Raises $12 Million In Series B Investment The fund raised will be used to fuel the company's plan to evolve its market offerings, expand delivery centers and cater to new industries

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Sigmoid, a data engineering, analytics and AI solutions company, has raised $12 million in a Series B investment, in a mix of primary and secondary funding from Sequoia Capital India. This takes Sequoia Capital India's total investment in Sigmoid to $19.3 million. The fund raised will be used to fuel the company's plan to evolve its market offerings, expand delivery centers and cater to new industries.

"The last 12 months have been an inflexion point in our growth story. As we gear towards our next phase of growth, we are happy to see Sequoia Capital India continue to believe in us. This will help us to rapidly expand our capabilities in terms of solutions and talent to meet the ever-growing customer demand," said Lokesh Anand, CEO and co-founder, Sigmoid.

Sigmoid is a team of more than 500 data professionals, providing deep expertise in data engineering, cloud data modernization, artificial intelligence, and DataOps. For a leading F500 FMCG company, Sigmoid developed self-adapting multi-touch attribution models to enable in-flight campaign optimization, generating faster bi-weekly insights in a cost effective manner. This resulted in an 11 per cent improvement on the return on marketing investment, claimed by the company in a statement.

"The AI/ML market continues to grow year-on-year and alongside, the need for solutions to help enterprises adopt and harness this power is growing exponentially. The team at Sigmoid, which stands out for its data and AI engineering excellence, are well-positioned to capture this opportunity. As long term partners, we are excited to double-down on their goal to be the premier engineered data solutions and AI provider for accelerating digital transformation for enterprises across industries," said Anandamoy Roychowdhary, principal, Sequoia Southeast Asia.

Founded in 2013 by Lokesh Anand (CEO), Mayur Rustagi (CTO) and Rahul Kumar Singh (CAO), Sigmoid is rightly positioned to accelerate digital transformation for enterprises across industries, with data. Sigmoid builds reliable, scalable data pipelines and accelerators which empower organizations with faster access to business insights.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

'The Market Is Hot': Here's How Much a Typical Meta Employee Makes in a Year

Data from federal filings offers a glimpse into base salary ranges at Meta for roles ranging from AI research scientist to data analyst.

Franchise

After 14 Years as an RN, She Opened the Business She Always Wanted to See — And Reached $1.3 Million

Rachel Wommack knew there had to be a better way to care for seniors, so she launched a business and proved it.

Science & Technology

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

Still stuck on what biz to start? Use AI to uncover 101 custom ideas aligned with your skills, values & lifestyle—plus a 90-day roadmap to launch with clarity.

Starting a Business

How to Build a Side Hustle That Stands on Its Own — Without Burning Out

Ready to take your side hustle to the next level? This article shows you how to turn it into its own unique brand that gets noticed and grows on its own.

Leadership

'Let's Just See What Happens': Comedian Mary Lynn Rajskub on Risk-Taking and Success

The actor and comedian discusses her new special, her resume of iconic comedy, and her new Netflix hit "North of North."