Total amount raised
$211.9 Million
Latest funding date
05/01/2024
Location
Mu Sigma has successfully navigated seven funding rounds, attracting investments from notable entities such as Mastercard and Fidelity. The company specializes in management consulting with a focus on decision sciences and big data analysis.
Keep reading to explore the intricacies of Mu Sigma's fundraising journey and the investors backing this innovative platform.
What Is Mu Sigma?
Mu Sigma, founded by Dhiraj Rajaram, is a decision sciences company that integrates management consulting, mathematics, software, data analytics, and AI to help businesses make smarter decisions. The company is located in Bengaluru, Karnataka, India, and has an employee count between 1001-5000.
Specializing in industries such as Analytics, Big Data, Business Intelligence, and Machine Learning, Mu Sigma focuses on creating analytical models and frameworks to drive business growth. Their approach emphasizes continuous learning, extreme experimentation, and the fusion of human and machine intelligence to deliver measurable impact.
How Much Funding Has Mu Sigma Raised?
- Series A
- Amount Raised: USD 350,000
- Date: January 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop core analytics services.
- Series B
- Amount Raised: USD 1,500,000
- Date: May 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and scale operations.
- Private Equity
- Amount Raised: USD 30,000,000
- Date: September 2008
- Lead Investors: FTV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance analytics capabilities and enter new markets.
- Series C
- Amount Raised: USD 25,000,000
- Date: June 2011
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and client acquisition.
- Private Equity
- Amount Raised: USD 108,000,000
- Date: December 2011
- Lead Investors: General Atlantic
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To acquire new clients and develop more services.
- Series Unknown
- Amount Raised: USD 45,000,000
- Date: February 2013
- Lead Investors: Mastercard
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand analytics services and capabilities.
- Series Unknown
- Amount Raised: USD 2,010,651
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue innovation in decision sciences and AI.
Total Amount Raised: USD 211,860,651. Current Valuation: Not publicly disclosed.
Key Investors
- Mastercard
- Details: Mastercard is a global payments technology company that connects consumers, financial institutions, merchants, governments, and businesses worldwide. They are known for their extensive network and innovative payment solutions.
- Investment Focus Areas: Financial services, technology, cybersecurity.
- Notable Investments: Mu Sigma, AvidXchange, Marqeta.
- Fidelity
- Details: Fidelity is a multinational financial services corporation known for its brokerage, mutual funds, and investment management services. They offer a wide range of financial products and services to individual and institutional investors.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Mu Sigma, Uber, SpaceX.
- General Atlantic
- Details: General Atlantic is a global growth equity firm that provides capital and strategic support for growth companies. They focus on partnering with entrepreneurs and management teams to build market leaders.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: TASC, QTS, TriNet.
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a venture capital firm that invests in early and growth-stage companies across various sectors. They are known for their strong emphasis on technology and innovation.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Mu Sigma, Byju's, Zomato.
- FTV Capital
- Details: FTV Capital is a growth equity firm that invests in high-growth companies in enterprise technology and services, financial services, and payments and transaction processing. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: Financial services, technology, business services.
- Notable Investments: Mu Sigma, InvestCloud, Strata Decision Technology.
What's Next for Mu Sigma?
Mu Sigma stands at the cusp of significant growth, driven by the increasing demand for analytics and decision support services. With a $108 million investment from General Atlantic, the company is well-positioned to expand its service offerings and acquire new clients, leveraging its strong presence among Fortune 500 companies.
Future fundraising opportunities appear promising, given the involvement of prominent investors like General Atlantic and Sequoia Capital. These firms' backing not only provides financial support but also strategic guidance, making Mu Sigma an attractive candidate for further investments. However, the company must navigate challenges such as intense competition and rapid technological advancements to maintain its growth trajectory.
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