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Sigma Raises $80 Million in Series E Financing, Doubles Valuation to $3 Billion with Princeville Capital Leading the Round.

PRIVATEMay 18, 20263 months ago

Amount Raised

$80 Million

Round Type

Series E

SeminoleAgriculture and FarmingFood And BeverageFood Processing

Investors

XnSutter Hill VenturesSpark CapitalNew View CapitalK5 GlobalD1 Capital PartnersAvenir Growth CapitalAltimeter CapitalWorkday VenturesService Now VenturesDatabricks VenturesPrinceville Capital

Description

Sigma, the AI Apps and agentic analytics platform, has closed $80 million in Series E financing at a valuation of $3 billion. This funding round was led by Princeville Capital and includes participation from Databricks Ventures, ServiceNow Ventures, and Workday Ventures. The company achieved over $200 million ARR and over 100% year-over-year growth. Sigma aims to be the go-to platform for building and governing AI on cloud data.

Company Information

Company

Sigma

Location

Seminole, Florida, United States

About

"The company will continue investing annually into all its Oklahoma facilities," said Tucker. With 65 plants and 184 distribution centers, the company produces, markets, and distributes quality branded foods, including packaged meats, cheese, yogurts, and other refrigerated and frozen foods. Continue ReadingPicture of the Sigma facilities in Seminole, Okla."Sigma is committed to the Seminole community and the state of Oklahoma," said Sigma US DVP of Regional Plants and Operations David Tucker, who was worked with the company for 29 years. About SigmaSigma is a leading multinational food company operating in 18 countries throughout North and South America and Europe, including Mexico, Europe, the U.S., and Latin America.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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