Mu Sigma Lands Big Money for Big Data
Data-analytics consulting company Mu Sigma Inc. said it has raised $108 million from venture capitalists, marking one of the largest investments in the fast growing analytics business.
Mu Sigma helps some of the world’s biggest corporations make sense of the vast amounts of data being produced online. The company, which is headquartered in Chicago with most of its analysts in Bangalore, employs about 1,500 people, up from about 1,200 in June.
The latest funding round was led by General Atlantic, with Sequoia Capital, a current investor, raising its stake. Sequoia had invested $25 million in Mu Sigma in June. The valuation set by the latest fundraising wasn’t disclosed.