Mu Sigma helps enterprise customers analyze large datasets and institutionalize decision support through analytics and data-driven services. The company operates as a professional services provider with more than 1,500 employees, most based in Bangalore, and is headquartered in Chicago. Its core offering is analytics and decision-support work for large companies rather than a standalone software product. Mu Sigma says it is already profitable and able to finance operations on its own. Management raised additional capital to accelerate growth and expand the business. A portion of the new capital will be used to purchase shares held by existing shareholders, though the company did not disclose details of those buybacks. Mu Sigma provides decision sciences and analytics services to help companies make business decisions based on big data. The company employs about 1,200 analysts, mostly based in India, and is working to build what it calls the world’s “largest applied math lab.” It is headquartered in Chicago. Mu Sigma recently secured $25 million in Series C financing from Sequoia Capital. Sequoia’s Shailendra Singh described Mu Sigma as offering “the most impressive analytics service” of any company the firm has met. The firm previously took its first institutional venture funding from FTV Capital in 2008.

Total raised

$133M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2011