Sequoia-Backed Mu Sigma Eyes $1 Billion From World Awash in Data
This article is for subscribers only.
Mu Sigma Inc., a data-analytics outsourcing firm backed by Sequoia Capital, plans a Nasdaq initial public offering within four years as it seeks to tap demand for processing the vast amounts of information companies gather.
The Chicago-based company aims to increase annual sales to $1 billion within five to seven years from about $250 million currently, according to founder and chief executive officer Dhiraj Rajaram. Mu Sigma is boosting revenue at a rate of six to seven percent monthly, Rajaram said in an interview in his office in the Indian technology hub of Bengaluru.