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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

July - 2011 - issue > Venture Beat

Mu Sigma raises Rs. 112 Crore in Series C Funding

ST Team
Wednesday, July 6, 2011
ST Team
Mu Sigma, a provider of decision sciences and analytics services, raises a Series C funding of about Rs.112 crore from Sequoia Capital. With more than 1,200 analysts, uses them to crunch numbers and help corporate teams use data in various decision-making processes. FTV is among other investors. The company has more than 50 Fortune 500 companies, including Microsoft and Dell as their clientele. It helps its clients to make better business decisions through the use of applied math, business and technology.

This Chicago based company has its main delivery center in Bangalore, India. Shailendra Singh, Managing Director at Sequoia Capital, says, “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. Mu Sigma is an enabler for that.”

According to a research report recently issued by global consulting firm McKinsy, in order for businesses to handle exponentially growing data, another 140,000-190,000 deep analytical talent positions need to be filled in the coming years. Mu Sigma is trying to bridge this gap. Dhiraj Rajaram, Founder and CEO, Mu Sigma, says “Companies today have vast amounts of data that they have collected over the last few decades. To understand all this data, Decision Sciences is going to play a much bigger role in the coming years. Through our work with many market leading Fortune 500 companies such as Microsoft and Dell, we have enabled them to chart, implement and execute through a roadmap in decision sciences and analytics.” The company presently has about 1200 analysts.

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