Mu Sigma

Mu Sigma is a private decision-sciences and analytics firm founded in 2004 by Dhiraj Rajaram. It builds analytical models, AI/ML tools and decision-automation frameworks for enterprise clients across sales, marketing, finance, operations and supply chain, and says it serves 140+ Fortune 500 companies. It sells through consulting and managed-service engagements, with its main delivery center in Bengaluru. It has raised about $215M in total (General Atlantic, FTV Capital and others), with a last-reported valuation of $1B in 2013. Its Indian entity reported revenue of ₹719.5 Cr in FY24, down 16% from FY23, and headcount was about 1,936 in mid-2025, down from roughly 3,500 in 2016.