Sigma Computing Raises $80 Million In Series E Funding Round Led By Princeville Capital

Sigma Computing raised $80 million in a Series E round at a $3 billion valuation, doubling its valuation from a year earlier as revenue scaled to roughly $200 million in annual recurring revenue. The round was led by Princeville Capital with contributions from Databricks Ventures, ServiceNow Ventures, and Workday Ventures, alongside participation from existing investors.

Summary of transaction details:

• Deal Type: Series E
• Transaction Amount: $80,000,000
• Valuation: $3,000,000,000
• Headquarters: San Francisco, California
• Founders: Rob Woollen & Jason Frantz
• Notable Investors: Princeville Capital, Databricks Ventures, ServiceNow Ventures, Workday Ventures, Altimeter Capital, Avenir Growth Capital, D1 Capital Partners, Spark Capital & Sutter Hill Ventures

CEO Mike Palmer highlighted the company's focus on "agentic analytics" through the development of new AI-driven tools and emphasized Sigma Computing's strategy to compete with legacy business intelligence incumbents while expanding its enterprise customer base.