Sigmoid, a data engineering, analytics and artificial intelligence solutions company, said it had raised $12 million in Series B funding, including primary and secondary funding, from Sequoia Capital India. The company also said the round brings Sequoia Capital India’s total investment in Sigmoid to $19.3 million.

The data solutions company said the new funding would fuel Sigmoid’s plans to expand its market offerings, expand delivery centres and cater to new industries.

Founded in 2013 by IIT alumni Lokesh Anand, Mayur Rustagi and Rahul Kumar Singh, Sigmoid builds data solutions, artificial intelligence engineering and cloud data migration services to help companies make data-driven decisions to solve complex business problems.

“The past 12 months have been a turning point in our growth story. We are delighted to see Sequoia Capital India continue to believe in us as we move toward the next growth phase. This will help us rapidly scale our investments in solutions and people combined capabilities to meet growing customer needs,” said Anand, CEO of Sigmoid. The company said it deals with large players in consumer goods, retail, financial services and other industries.