# SigOpt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sigopt

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.sigopt.com
- Total disclosed funding: $8.6M
- Latest round: Series A (Jul 14, 2016)
- Investors on record: 5

## About

SigOpt, Inc. specializes in advanced optimization and machine learning tools that enhance model performance and support data-driven decision-making for clients across various industries.Founded in 2014 and headquartered in San Francisco, US, SigOpt, Inc. offers innovative solutions in optimization and machine learning. The company was acquired by Intel Corporation in October 2020. CEO Scott Clark has a history of leadership within the technology sector. The company has completed three funding deals, with its latest being a Series A round in which it raised USD 6.60 mn led by Andreessen Horowitz, contributing to a total capital raised of USD 6.60 mn and a current valuation of USD 23.68 mn.SigOpt, Inc. provides advanced optimization and machine learning tools that enhance model performance and facilitate data-driven decision-making. Their flagship product enables effective hyperparameter tuning and complex model optimization through an intuitive interface that integrates seamlessly with existing data workflows. This solution primarily serves data scientists and machine learning engineers in sectors such as finance, healthcare, and technology, addressing challenges in predictive accuracy and operational efficiency. The company's tools are utilized by a diverse range of clients, including large enterprises and innovative startups across North America, Europe, and parts of Asia.SigOpt, Inc. generates revenue through a subscription-based model with tiered pricing plans tailored to various client needs. Clients enter into annual or multi-year contracts providing access to the company’s suite of optimization products and support services. Revenue is derived from direct business sales aimed at enhancing machine learning capabilities alongside partnerships with software integrators that distribute SigOpt’s solutions. Pricing structures are based on specific tools and service levels; flagship offerings are designed to deliver significant ROI for clients, ensuring predictable revenue streams and fostering long-term relationships across multiple sectors.SigOpt, Inc. plans to leverage recent funding to support the development of new product offerings and expand into additional geographic markets. Following its acquisition by Intel, the company aims to enhance its existing suite of tools and is expected to explore further integrations within Intel's ecosystem. The expansion strategy targets markets in Europe and Asia, with specific timelines for product launches and market entry yet to be disclosed. The acquisition and subsequent funding will provide crucial resources for these strategic initiatives.

## Funding rounds

- Series A, Jul 14, 2016, $6.6M — Blumberg Capital, Andreessen Horowitz, SV Angel, Stanford University, DCVC
- Seed, Jun 16, 2015, $2M — Andreessen Horowitz, DCVC

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed, Series A
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Stanford University — Series A