Sigma Computing raises $80 million Series E at $3 billion valuation, backed by Databricks, ServiceNow, and Workday ventures

TL;DRSigma Computing has raised $80 million in Series E funding at a $3 billion valuation, doubling its worth in a year. The round was led by Princeville Capital, with strategic investments from Databricks Ventures, ServiceNow Ventures, and Workday Ventures.

Sigma Computing has raised $80 million in Series E funding at a $3 billion valuation, doubling its worth in a year and positioning the San Francisco-based company as one of the most aggressively valued players in the business intelligence market. The round was led by Princeville Capital, with new strategic investors Databricks Ventures, ServiceNow Ventures, and Workday Ventures also participating. Previous backers including Altimeter Capital, Avenir Growth Capital, D1 Capital Partners, Spark Capital, and Sutter Hill Ventures returned for the round, and JP Morgan acted as placement agent.

The valuation jump from $1.5 billion to $3 billion reflects a company that has doubled its revenue in the same period. Sigma announced in April that it had reached $200 million in annual recurring revenue, up from roughly $100 million a year earlier, with more than 2,000 customers and 1.1 million new active users added in the latest fiscal year. The customer list includes AMD, Duolingo, Colgate-Palmolive, and JPMorgan Chase.