Sigma, an AI app and agent analytics platform, announced it has raised $80 million in Series E funding at a valuation of $3 billion. The funding round was led by Princeville Capital with participation from Databricks Ventures, ServiceNow Ventures, Workday Ventures, and other investors. Existing investors participating in this round include Altimeter Capital, Avenir Growth Capital, D1 Capital Partners, K5 Global, NewView Capital, Spark Capital, Sutter Hill Ventures, and XN. JP Morgan acted as the financing agent.
The company said the latest funding comes after it achieved more than 100% year-over-year growth in its most recent fiscal year, with annual recurring revenue exceeding $200 million in April 2026.
Sigma said it currently serves more than 2,000 customers around the world, including Fortune 10 companies and leading AI innovators. The company also reported an increase of more than 1.1 million active users during its most recent fiscal year.
Sigma CEO Mike Palmer said more customers are using the company’s platform to build and manage AI workflows on cloud data infrastructure.
The company emphasized that it is focused on enabling enterprises to accelerate AI adoption while maintaining governance, security, and reliability across workflows and applications. Sigma explained that its platform supports “agent analytics” through AI-powered applications that run directly on cloud data systems.
Vivian Huang, partner at Princeville Capital and newly appointed director of Sigma, said the company is positioning itself as a platform for both AI workflows and agent analytics within the enterprise. Huang pointed to Sigma’s warehouse-native architecture and operational discipline as a differentiator for enterprise AI deployments.
Andrew Ferguson, vice president at Databricks Ventures, said Sigma is helping customers maximize the value of their lakehouse architecture by combining a spreadsheet-style interface with AI applications and governance capabilities.
Sigma highlighted several recent product launches and enhancements, including Sigma Agent, a customizable no-code AI agent designed to automate workflows within managed cloud data environments. The company also introduced Sigma Assistant, an AI copilot that answers data questions and helps users build AI applications using natural language prompts.
Additional releases include Sigma Data Modeling Skills for AI Agents, allowing engineers to build and manage Sigma data models through AI coding agents such as OpenAI Codex, Claude Code, Cursor, and Snowflake Cortex Code. Sigma also launched Sigma MCP Server, which allows users to gain insights into managed enterprise data through AI assistants such as OpenAI ChatGPT and Claude.
The company said Sigma Agents became the fastest-installed product in its history in the first quarter of this year.
Founded as a cloud-native analytics platform, Sigma supports spreadsheet interfaces, SQL, Python, and native AI capabilities in a managed workspace connected directly to your cloud data warehouse. The company says its platform is used by customers including AMD, Duolingo, Colgate-Palmolive and JPMorgan Chase.
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“Customers are voting with their dollars, and they’re voting for Sigma as the place to build and manage AI on cloud data. IT needs technology that allows enterprises to work quickly in areas like vibe-coded apps and agent development, while securely performing things like privilege management and telemetry. Sigma provides a trusted system that enables agent analytics through vibe-coded applications, while ensuring governance, reliability, and security.”
Mike Palmer, Sigma CEO
“Sigma is building the platform of choice for enterprises as the foundation for both agent analytics and AI workflows, and has been adopted by a wide range of customers, from global enterprises to leading AI innovators. With its warehouse-native architecture and strong operational discipline at scale, Sigma is positioned to lead the way enterprises leverage AI for their data.”
Vivian Huang, Partner, Princeville Capital
“Sigma is helping customers unlock the value of Lakehouse by allowing users to start with an easy-to-use spreadsheet interface and scale up to the power of AI apps. Sigma focuses on intuitive, user-driven experiences that leverage the governance capabilities of platforms like Unity Catalog, which accelerates enterprise AI adoption at scale.”
Andrew Ferguson, Vice President, Databricks Ventures
“The era of static reports and passive dashboards is giving way to analytics that drive decision-making and accelerate action. Sigma is building proven enterprise traction in this transition, and ServiceNow Ventures is excited to support their next chapter.”
Victor Chang, Vice President, ServiceNow Ventures
“Sigma is fundamentally changing the way enterprises work with data at scale. By bringing the ease of spreadsheets to real-time enterprise intelligence, we have eliminated the bottleneck between information and decision makers. We are excited to support Sigma as it defines the next generation of live collaborative analytics.”
Jeff Wantman, Workday Ventures Partner
