Mu Sigma is an American decision sciences firm that primarily offers data analytics services. The firm's name is derived from the statistical terms " Mu (μ)" and "

Sigma Sigma (; uppercase Σ, lowercase σ, lowercase in word-final position ς; grc-gre, σίγμα) is the eighteenth letter of the Greek alphabet. In the system of Greek numerals, it has a value of 200. In general mathematics, uppercase Σ is used as ...

(σ)" which symbolize the mean and the

standard deviation In statistics, the standard deviation is a measure of the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean (also called the expected value) of the set, while ...

, respectively, of a

probability distribution In probability theory and statistics, a probability distribution is the mathematical function that gives the probabilities of occurrence of different possible outcomes for an experiment. It is a mathematical description of a random phenomenon i ...

History

Mu Sigma was founded by

Dhiraj Rajaram Dhiraj C Rajaram (born in 1975) is an Indian entrepreneur and the founder, chairman and CEO of Mu Sigma Inc, a provider of analytics and decision sciences solutions. He was born in 1975 Chennai, India and brought up in Bengaluru, India. Early ...

, a former strategy consultant at 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 Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total a ...

. 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) milestone. In early 2016, the company was sued by Aon Corp founder Pat Ryan, who discussed that Mu Sigma lowballed its own growth prospects in order to buy back Ryan's stake in the company. In October 2016, after the divorce of Ambiga Subramanian, who was serving as

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

at the time, Dhiraj Rajaram assumed the role of CEO.

Locations

Mu Sigma is headquartered in Chicago, Illinois and has a global delivery centre in Bangalore. It also has an office in

Austin Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city ...

, Texas.

Recognition

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.

References

Notes

External links

*{{official website, http://www.mu-sigma.com Analytics companies Technology companies established in 2004