Mu Sigma Raises $108m in 'Biggest Ever' Funding

Decision sciences and analytics services firm Mu Sigma has closed a $108m investment round, which it claims is the 'biggest private-equity investment' made to date in the analytics services sector.

Mu Sigma employs more than 1200 analysts at its headquarters in Chicago and main delivery center in Bangalore, India. It aims to help companies 'institutionalize data-driven decision-making', through the integration of business methods, maths and technology.

Last June, the firm received $25m in Series C financing, led by VC firm Sequoia Capital. The new round has been led by General Atlantic, with participation from Sequoia Capital, and will enable the firm to accelerate its growth in the analytics services market, and purchase shares from existing shareholders - all of whom will continue to hold stakes in the company.

Mu Sigma founder and CEO Dhiraj Rajaram comments: 'With General Atlantic and Sequoia Capital as investors, we now have both a world-class private-equity firm and a world-class venture capital firm behind us. Their experience and connections will be extremely valuable as we take Mu Sigma to the next stage of growth.'

Web site: www.mu-sigma.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.