Sigma, a cloud-native analytics platform for data warehouses, closed an $80M Series E round led by Princeville Capital. The funding values the company at $3B.
The funding round included participation from strategic investors Databricks Ventures, ServiceNow Ventures, and Workday Ventures.
Sigma provides a platform layer that sits on top of existing data warehouses, enabling analytics capabilities without requiring organizations to migrate their underlying infrastructure. The company has positioned itself in the growing segment of tools designed to enhance and extend data warehouse functionality.
The $80M injection represents significant momentum for Sigma as it competes in the analytics and business intelligence space. The involvement of venture arms from Databricks, ServiceNow, and Workday signals confidence from established enterprise software players in Sigma's approach to cloud-native analytics.
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PIVOT SECURES $40M FOR AI-POWERED PROCUREMENT
Paris-based Pivot raised $40M in Series B funding co-led by Forestay Capital and Notion Capital. The company develops AI tools for procurement and financial workflows.
Pivot plans to use the capital to expand its AI-powered platform and accelerate development of agentic AI capabilities—autonomous systems that can perform complex business tasks with minimal human intervention.
The funding reflects growing enterprise interest in applying AI to back-office operations, particularly in procurement and finance functions where automation can drive cost savings and efficiency gains.
Indian AI coding startup Emergent reached a $1.5 billion valuation in its latest funding round, raising $130 million in Series C and joining the unicorn club after a five-fold valuation jump in six months.
Rime, an AI platform processing over 100 million calls monthly, secured $24 million in Series A funding to expand its customer service solutions for enterprises.
A former SpaceX engineer has secured $65 million in funding to revolutionize wire harness manufacturing for aerospace and defense. The startup aims to replace decades-old production methods still used in rockets, missiles, and satellites.
Israeli identity management startup Oak has emerged from stealth with $60 million in seed funding. The company, cofounded by veteran entrepreneur Shai Morag, addresses identity management challenges created by the proliferation of AI agents.