San Francisco-based data analytics startup Sigmoid raised $12 million in Series B led by existing investor Sequoia India.
Sigmoid uses data engineering and artificial intelligence to create solutions that assist organisations in making data-driven decisions. The startup will use the new funds to improve its products, expand delivery centres, and enter new markets. It already provides products and services to businesses in retail, insurance, banking, adtech, consumer packaged goods, and life sciences. Sequoia India has now invested $19.3 million in the enterprisetech startup with the current funding round.