Sigma Ratings, an AI-driven global risk screening and monitoring platform that powers compliant commercial relationships, secured an undisclosed amount of Series A investment.
Mosaik Partners, a San Francisco-based venture capital firm focused on financial technology, led the round with FinTech Collective, Contour Ventures, AngelList Ventures, Fitch Ratings, and Barclays.
This new investment will accelerate Sigma’s growth strategy and strengthen its category leadership in scalable relationship risk insight and monitoring.
Sigma takes a unique approach to risk management, connecting publicly sourced data and proprietary risk intelligence into a single, configurable platform. Having experienced 250% revenue growth and doubling its client base during the pandemic, Sigma will use the funding to expand its commercial functions.
Sigma’s cloud-based data platform has emerged as the definitive choice for risk screening and perpetual client monitoring. The platform can identify and return direct and network-based entity risk at sub-second speeds.
The startup serves clients across financial institutions, professional services firms, fintech, and global corporations. Stuart Jones, Jr., founder and CEO of Sigma said: “Firms are looking for faster, smarter ways to perpetually evaluate customer and third-party risk. Doing so helps these firms manage potential downside risk, confidently expand relationships and automate and improve upon existing processes. Our platform answers that need through enriched global data, intelligent and configurable workflows, and innovative technology applications that outperform legacy approaches.”......