NEWS14 June 2011

Mu Sigma scoops $25m investment

Financials North America

US— Mu Sigma, a provider of business and marketing analytics services, has secured $25m in Series C funding from private investment house Sequoia Capital.

The firm said that the cash will be used to fuel its growth and help build the world’s largest decision sciences and support “ecosystem”.

Sequoia Capital managing director Shailendra Singh said: “Mu Sigma is the most impressive analytics services company we have met in years, and the only one of its kind to deliver business analytics at scale for many Fortune 500 clients using a global delivery model.

“The big-data phenomenon presents a massive opportunity for large corporations that can use analytics to make the right business decisions quickly and drive improvements to their top and bottom line, and Mu Sigma is an enabler for that.”

Mu Sigma operates from a headquarters in Chicago and runs a main delivery centre in Bangalore, India