October 20, 2022

Kgpian Startup Sigmoid Raises $12 Million

IITKGP Foundation


Sigmoid, a data engineering, analytics, and AI solutions startup founded by Kgpians Lokesh Anand (CEO), Mayur Rustagi (CTO), and Rahul Kumar Singh (CAO), has raised $12 million in a Series B investment. The funding is aimed at augmenting market offerings, expanding delivery centers, and catering to new industries. 

 

The funding was raised in a primary and secondary mix from Sequoia Capital India which has already invested over 7 million in the company.

 

Talking about the developments in the past year, Anand said, “As we gear towards our next phase of growth, we are happy to see Sequoia Capital India continue to believe in us. This will help us to rapidly expand our capabilities in terms of solutions and talent to meet the ever-growing customer demand." 

 

Sigmoid has been positioned to accelerate digital transformation for enterprises across industries, with data. Sigmoid builds reliable, scalable data pipelines and accelerators which empower organizations with faster access to business insights.

 

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