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{{Short description|American data analytics company}}
{{Infobox company
| name = Mu Sigma Inc.
| logo = Mu Sigma Logo.jpg
| type = [[Privately Owned]]
| founder = [[Dhiraj Rajaram]]
| foundation = (2004)<ref name="GettingNumbersRight">{{cite web | title = Getting the numbers right | work = EMERGE Forum | publisher = [[NASSCOM]] | url = http://emerge.nasscom.in/2011/09/getting-the-numbers-right/ | date = September 27, 2011 | access-date = Jun 18, 2012 | archive-url = https://web.archive.org/web/20120525213102/http://emerge.nasscom.in/2011/09/getting-the-numbers-right/ | archive-date = May 25, 2012 | url-status = dead }}</ref>
| location = [[Chicago]],<br>[[Illinois]]
| industry = [[Management consulting]]
| services = [[Data analytics]]
| num_employees = 3,500+ (2016)<ref name=mehrotra/>
| homepage = {{url|http://www.mu-sigma.com}}
}}
'''Mu Sigma''' is an American [[data analytics]] firm providing big data services, [[decision sciences]] and helping enterprises in data-driven decision making. The company headquartered in [[Chicago]], [[Illinois]] 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 (letter)|Mu]] (μ)" and "[[Sigma]] (σ)" which symbolize the [[mean]] and the [[standard deviation]], respectively, of a [[probability distribution]].
== History ==
Mu Sigma was founded by [[Dhiraj Rajaram]], a former strategy consultant at [[Booz Allen Hamilton]] and [[PricewaterhouseCoopers]], in 2004.<ref name="GettingNumbersRight"/>
In 2008, Mu Sigma raised its first institutional investment round of $30 million from FTVentures (now FTV Capital).<ref>{{cite web | title = FTVentures Commits $30 Million to Mu Sigma (press release) | date = September 24, 2008 | work = FTVentures | url = http://www.ftvcapital.com/newsletters/20081001.html | access-date = June 18, 2012 | archive-url = https://web.archive.org/web/20121026181052/http://www.ftvcapital.com/newsletters/20081001.html | archive-date = October 26, 2012 | url-status = dead }}</ref> In April 2011, the company raised an additional $25 million from [[Sequoia Capital]].<ref>{{cite news|url=https://blogs.wsj.com/venturecapital/2011/06/06/the-daily-start-up-sequoia-makes-big-data-move-with-mu-sigma/|title=The Daily Start-Up: Sequoia Makes "Big Data" Move With Mu Sigma|date=June 6, 2011|work=Venture Capital Dispatch|access-date=June 18, 2012|publisher=[[The Wall Street Journal]]}}</ref> In December 2011, the company announced a $108 million round of financing from Sequoia and growth equity investor [[General Atlantic]].<ref name="WSJBigMoney">{{cite news|url=https://www.wsj.com/articles/SB10001424052970203899504577126720815824762|title=Mu Sigma Lands Big Money for Big Data|date=December 29, 2011|access-date=November 23, 2012|publisher=[[The Wall Street Journal]]}}</ref> 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{{efn|At time of transaction}}) milestone.<ref>{{cite news| url=http://articles.economictimes.indiatimes.com/2013-02-20/news/37200522_1_dhiraj-rajaram-mu-sigma-data-analytics | archive-url=https://archive.today/20130904020216/http://articles.economictimes.indiatimes.com/2013-02-20/news/37200522_1_dhiraj-rajaram-mu-sigma-data-analytics | url-status=dead | archive-date=September 4, 2013 | work=The Times Of India | title=Mu Sigma attracts a clutch of foreign investors, gets valued at billion, Dhiraj Rajaram is now king of data analysis, data science and predictions by | date=February 20, 2013}}</ref>
In early 2016, the company was sued by [[Aon (company)|Aon Corp]] founder [[Pat Ryan (executive)|Pat Ryan]], who discussed that Mu Sigma lowballed its own growth prospects in order to buy back Ryan's stake in the company.<ref name=mehrotra>{{cite news|last1=Mehrotra|first1=Kartikay|title=Aon founder Pat Ryan sues Mu Sigma, claims lowball buyout|url=http://www.chicagotribune.com/bluesky/technology/ct-pat-ryan-mu-sigma-20160310-story.html|access-date=21 December 2017|work=Chicago Tribune|date=10 March 2016}}</ref>
In October 2016, after the divorce of Ambiga Subramanian, who was serving as [[CEO]] at the time, Dhiraj Rajaram assumed the role of CEO.<ref>{{Cite web|url=http://www.financialexpress.com/industry/unicorn-mu-sigma-founder-dhiraj-rajaram-takes-control-including-role-of-ceofrom-estranged-wife/406130/|title = 'Unicorn' Mu Sigma founder Dhiraj Rajaram takes control, including role of CEO, from estranged wife|date = 5 October 2016}}</ref><ref>{{Cite news|url=https://inc42.com/buzz/mu-sigma-ambiga-subramanian-social-media-startup-hyphen-social/|title=Mu Sigma's Ex-CEO Ambiga Subramanian To Roll Out Her Own Social Media Startup Hyphen.Social|date=2017-11-10|work=Inc42 Media|access-date=2018-06-14|language=en-US}}</ref>
== Locations ==
Mu Sigma is headquartered in [[Chicago]], [[Illinois]] and has a global delivery centre in [[Bangalore]]. It also has an office in [[Austin, Texas|Austin]], [[Texas]].
==References==
{{Reflist}}
==Notes==
{{notelist}}
==External links==
*{{official website|http://www.mu-sigma.com}}
[[Category:Analytics companies]]
[[Category:Technology companies established in 2004]]