General Atlantic and Sequoia Invest $108 Million In Data Analyzation Company Mu Sigma

Posted Jan 1, 2012

Mu Sigma is a company that helps businesses analyze data and make decisions. The company has raised $108 million from Sequoia Capital and General Atlantic LLC. This is the largest round of private-equity financing in the analytic services industry. Mu Sigma will be using the funding to add about 600 to 700 employees. General Atlantic CEO William Ford will be joining the Mu Sigma board of directors. Mu Sigma’s revenues will be increasing 35-40% in 2012. The money raised will also be used for buying out early investors. [BusinessWeek]