This Sigma Computing company profile covers the company's valuation, revenue, funding rounds, investors and history. Sigma Computing works in data and analytics, with a focus on cloud business intelligence and analytics. It was founded in 2014 and is headquartered in San Francisco, California, United States. Its latest valuation on record is US$3 billion (May 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
About US$200 million — Annual recurring revenue (company-reported), as of April 2026. Source: SiliconANGLE.
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 2026 | Series E | US$80M | US$3B | Princeville Capital (lead); Databricks Ventures, ServiceNow Ventures, Workday Ventures | SiliconANGLE |
| May 2024 | Series D | US$200M | US$1.5B | Spark Capital and Avenir Growth (co-leads) | Sacra |
Sigma Computing timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2014 — Sigma Computing is founded in San Francisco by Mike Speiser and Rob Woollen.
- May 2024 — Series D: US$200M, valuing the company at US$1.5B. Investors: Spark Capital and Avenir Growth (co-leads).
- May 2026 — Series E: US$80M, valuing the company at US$3B. Investors: Princeville Capital (lead); Databricks Ventures, ServiceNow Ventures, Workday Ventures.
Investors
Overview
Sigma Computing makes cloud analytics and business intelligence software that lets business users analyse large amounts of data through an interface that feels like a spreadsheet. Instead of exporting data to Excel or waiting for analysts to build dashboards, finance, operations, sales and marketing teams can explore live data directly in their company's cloud data warehouse, such as Snowflake, Databricks or BigQuery, using familiar formulas, pivot tables and charts. Sigma also supports writing data back to the warehouse, building data apps and, increasingly, AI agents that answer questions and automate analysis.
Sigma was founded in 2014 by Mike Speiser, a managing director at Sutter Hill Ventures who also helped incubate Snowflake and Pure Storage, and Rob Woollen. Mike Palmer leads the company as CEO. Sigma is headquartered in San Francisco.
Products
- Spreadsheet interface: analysis of billions of rows using spreadsheet-style formulas, running queries directly in the cloud warehouse.
- Dashboards and reports: interactive visualisations and scheduled reports.
- Input tables and write-back: letting users enter or update data, such as forecasts and plans, and save it to the warehouse.
- Data apps: building lightweight applications for planning, approvals and workflows on top of warehouse data.
- Embedded analytics: putting Sigma analytics inside customer-facing products.
- AI and agents: natural-language questions and AI agents that perform analysis tasks.
Funding
Sigma was backed early by Sutter Hill Ventures, along with investors including Altimeter and Snowflake Ventures. In May 2024 it raised a US$200 million Series D at a US$1.5 billion post-money valuation, co-led by Spark Capital and Avenir Growth. In May 2026 it raised an US$80 million Series E at a US$3 billion valuation, led by Princeville Capital, with new strategic investors Databricks Ventures, ServiceNow Ventures and Workday Ventures, doubling its valuation in about a year. The company reported about US$200 million in annual recurring revenue in April 2026, roughly double a year earlier.
Business model
Sigma charges subscriptions based on users and capabilities, with enterprise contracts for large deployments and separate pricing for embedded analytics. Because queries run in the customer's own data warehouse, Sigma doesn't need to store copies of data, which simplifies security and keeps data current.
Competition
Sigma competes with business intelligence platforms such as Tableau (Salesforce), Microsoft Power BI, Looker (Google), Qlik, ThoughtSpot and Domo, and with spreadsheets themselves. Data platforms such as Snowflake and Databricks are also adding their own analytics and AI features. Sigma's differentiation is its spreadsheet familiarity combined with live warehouse-scale analysis and write-back capabilities.
Sigma Computing at a glance
Sigma Computing is a San Francisco analytics company founded in 2014 by Mike Speiser and Rob Woollen and led by CEO Mike Palmer. It offers spreadsheet-style analytics on cloud data warehouses. It raised US$200 million at US$1.5 billion in May 2024 and an US$80 million Series E at US$3 billion in May 2026, led by Princeville Capital, with ARR of about US$200 million.
Timeline
- 2014: founded with backing from Sutter Hill Ventures.
- 2018–2019: launches its product for Snowflake users.
- 2021: raises a US$300 million Series C.
- May 2024: raises US$200 million at US$1.5 billion.
- April 2026: reports about US$200 million ARR.
- May 2026: raises US$80 million at US$3 billion.
Why spreadsheets still matter
Despite decades of business intelligence tools, spreadsheets remain the most widely used analysis tool in business. Finance teams build forecasts in them, operations teams track inventory and sales teams plan territories. The problem is that spreadsheets can't handle very large data sets, and exported data quickly becomes stale and insecure. Sigma's approach keeps the spreadsheet experience but connects it directly to governed, up-to-date data in the warehouse, which appeals to companies that have centralised data in the cloud.
Who uses Sigma
Sigma's users include finance and FP&A teams, revenue operations, supply chain and merchandising teams, and data teams building self-service analytics. Customers are mainly mid-sized and large companies that already use cloud data warehouses.
Valuation context
At US$3 billion on about US$200 million of ARR, Sigma was valued at roughly 15 times recurring revenue, a premium multiple supported by its reported doubling of ARR in a year. Our guide to SaaS valuation multiples explains how such multiples compare.
Risks
- Incumbents: Microsoft bundles Power BI with Office, making it hard to displace.
- Platform competition: data platforms are adding native analytics and AI.
- Warehouse costs: heavy querying can raise customers' cloud bills.
Questions for analytics buyers
- Which data platforms do you use, and how does the tool connect to them?
- How many business users need self-service analysis?
- How are query costs and governance managed?
How Sigma works with data platforms
Traditional business intelligence tools often copy data into their own storage or extracts, which can become stale and creates extra security concerns. Sigma takes a different approach: every action a user takes in its spreadsheet interface is translated into SQL and run directly in the customer's cloud warehouse. That means users always see current data, governed by the warehouse's existing access controls, and data teams don't need to maintain separate copies. It also means Sigma benefits from the performance improvements of Snowflake, Databricks and BigQuery, and its growth is tied to those platforms' adoption. The investments from Databricks Ventures and earlier Snowflake Ventures reflect these partnerships.
Data apps and write-back
Many business processes involve both analysing data and entering new information, such as updating a sales forecast, approving a budget or adjusting inventory plans. Traditional dashboards are read-only, so teams fall back on spreadsheets for these tasks. Sigma's input tables and data apps let users write data back to the warehouse, turning analytics into lightweight applications for planning and operations. This expands Sigma's role from reporting into everyday workflows, competing in part with planning software and internal tools.
Latest developments (October 2026)
Sigma raised an US$80 million Series E in May 2026 at a US$3 billion valuation, led by Princeville Capital with strategic investments from Databricks, ServiceNow and Workday, according to TheATDB. The company said it had passed US$200 million in annual recurring revenue and more than doubled in its latest fiscal year. Its spreadsheet-style analytics sit on top of cloud data warehouses such as Snowflake and Databricks. See our largest private SaaS guide.
What to watch
Watch AI agent adoption, partnerships with Databricks, Snowflake, ServiceNow and Workday, ARR growth and any IPO plans. Our guide to the largest private SaaS companies covers related companies.
Takeaways
Business teams can analyse live warehouse data with a familiar spreadsheet interface. Founders can see how building on top of a growing platform like Snowflake creates a market. Investors should watch whether fast ARR growth continues.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Sigma Computing do?
Sigma Computing is a data and analytics / cloud business intelligence and analytics company headquartered in San Francisco, California, United States. It was founded in 2014.
What is Sigma Computing's valuation?
Sigma Computing was valued at US$3 billion as of May 2026, according to SiliconANGLE. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Sigma Computing make?
Sigma Computing reported About US$200 million (annual recurring revenue (company-reported)) as of April 2026, according to SiliconANGLE.
What was Sigma Computing's latest funding round?
The most recent financing we have verified is a series e in May 2026: US$80M, at a valuation of US$3B. Source: SiliconANGLE.
Who are Sigma Computing's investors?
Investors named in public announcements include Princeville Capital, Spark Capital, Avenir Growth, Sutter Hill Ventures, Snowflake Ventures, Databricks Ventures, ServiceNow Ventures, Workday Ventures and Altimeter.
Who founded Sigma Computing?
Sigma Computing was founded in 2014 by Mike Speiser and Rob Woollen.
Is Sigma Computing a public company?
No. Sigma Computing is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Sigma Computing headquartered?
Sigma Computing is headquartered in San Francisco, California, United States.