Mu Sigma is an American

data analytics Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data, which also falls under and directly relates to the umbrella term, data sci ...

firm providing big data services,

decision sciences Decision theory or the theory of rational choice is a branch of probability theory, probability, economics, and analytic philosophy that uses expected utility and probabilities, probability to model how individuals would behave Rationality, ratio ...

and helping enterprises in data-driven decision making. The company headquartered in

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...

partners with over 140 Fortune 500 companies to enhance their analytical and decision-making capabilities. 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; ) 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 an operator ...

(σ)" which symbolize the

mean A mean is a quantity representing the "center" of a collection of numbers and is intermediate to the extreme values of the set of numbers. There are several kinds of means (or "measures of central tendency") in mathematics, especially in statist ...

and the

standard deviation In statistics, the standard deviation is a measure of the amount of variation of the values of a variable about its Expected value, mean. A low standard Deviation (statistics), deviation indicates that the values tend to be close to the mean ( ...

, respectively, of a

probability distribution In probability theory and statistics, a probability distribution is a Function (mathematics), function that gives the probabilities of occurrence of possible events for an Experiment (probability theory), experiment. It is a mathematical descri ...

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 Booz Allen Hamilton Holding Corporation (informally Booz Allen) is the parent of Booz Allen Hamilton Inc., an American company specializing in intelligence, AI, and digital transformation. It is headquartered in McLean, Virginia, in the Washing ...

and

PricewaterhouseCoopers PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...

, 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 Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had appro ...

. In December 2011, the company announced a $108 million round of financing from Sequoia and growth equity investor

General Atlantic General Atlantic, legal main entity General Atlantic Service Company, L.P., (also known as "GA") is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. T ...

. 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 Aon or AON may refer to: Business and administration * Aon (company), a global professional services firm ** Aon Training Complex, the sponsored name of Trafford Training Centre ** Aon Center, the name of two buildings: *** Aon Center (Chicago) * ...

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 chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

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

Locations

Mu Sigma is headquartered in

and has a global delivery centre in

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

. It also has an office in

Austin, Texas Austin ( ) is the List of capitals in the United States, capital city of the U.S. state of Texas. It is the county seat and most populous city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and W ...

References

Notes

External links

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