Mu Sigma, a startup that provides ‘decision sciences’ and analytics services to help companies make business decisions based on ‘big data’, has secured $25 million in Series C financing from Sequoia Capital.
Mu Sigma in a press statement says it currently employs some 1,200 analysts (and growing), mostly based in India, in an effort to build the world’s “largest applied math lab”.
Shailendra Singh, Managing Director at Sequoia, posits that Mu Sigma offers ‘the most impressive analytics service’ of any company the investment firm has met with over the years.
Headquartered in Chicago, Mu Sigma raised its first institutional venture money from FTV Capital back in 2008.
Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The Wall Street Journal has called Sequoia Capital “one of the highest-caliber venture firms” and noted that it is “one of Silicon Valley’s most influential venture-capital firms”. It invests between $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage. The firm has offices in the U.S., China, India and...