Mu-sigma
Description
Mu Sigma is
a category-defining decision sciences and big data analytics company, helping
enterprises systematize better data-driven decision making. The firm's name is
derived from the statistical terms "Mu (μ)" and "Sigma (σ)"
which symbolize the mean and the standard deviation respectively of a
probability distribution.
Mu Sigma was
founded by Dhiraj Rajaram, a former strategy consultant for Booz Allen Hamilton
and PricewaterhouseCoopers, in 2004. In 2008, Mu Sigma raised its first
institutional investment round of $30 million from FTVentures (now FTV
Capital). In April 2011, the company raised an additional $25 million from
Sequoia Capital. In December 2011, the company announced a $108 million round
of financing from Sequoia and growth equity investor General Atlantic. In
February 2013, Mu Sigma received an investment of $45 million from MasterCard,
which placed the company over the $1 billion (Rs. 5,400 crore[a]) milestone.
Mu Sigma was
ranked #907 on the 2012 Inc. 5000 list of America's fastest-growing private
companies. In 2011 the company ranked #386, and in 2010, it ranked #204.[8]
Rajaram, the company's founder and chairman, was ranked 37 on the Fortune Magazine
40 under 40 list in 2013.Rajaram won the Ernst & Young Entrepreneur Of The
Year India Award 2012 in the services category.
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