TechTaffy

tech:

taffy

Mu Sigma Closes $108 Million Investment Round

By TechTaffy Desk

Techtaffy Newsdesk

Analytics services company Mu Sigma has closed a $108 million investment round led by General Atlantic. This is believed to be the biggest private-equity investment made to date in the emerging market for analytics services, and follows Mu Sigma’s April 2011 $25 million round led by Sequoia Capital. Sequoia also participated in the latest round.

Mu Sigma is already profitable and can finance its own operations. The company says it will use the investment funds to accelerate growth. A portion of the proceeds are being used to purchase shares held by existing shareholders, all of whom will continue to have stakes in the company.

Mu Sigma’s 2008-2010 revenue growth of 886 per cent earned Mu Sigma a spot in the Inc. 500 list of America’s fastest-growing private companies. The company was founded in 2004.

 

Just in

Industry

Intel appoints Kevin O’Buckley as senior VP and GM of Foundry Services

Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.
Industry

Squarespace to be acquired by Permira for $6.9B

Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.
AI

OpenAI introduces GPT-4o: A free multimodal AI model for real-time audio, vision, and text

OpenAI has announced the release of GPT-4o, a new flagship AI model that can process and generate a combination of text, audio, and images in real-time.
Industry

Microsoft plans to invest $4B in France

Microsoft announced its largest investment in France, a $4.3 billion (€4 billion) package designed to accelerate the adoption of artificial intelligence (AI) and cloud technologies in the country.
Industry

Microsoft to build $3.3B data center in Wisconsin

Microsoft announced a $3.3 billion investment package in Southeast Wisconsin. The investment, to be rolled out by the end of 2026, includes the development of a datacenter campus in Mount Pleasant.