SigmaOS, a London, UK-based web browser company, raised £3.4M in funding.
The round was led by LocalGlobe, with participation from Y Combinator, 7percent Ventures, Moonfire Ventures, Shine VC, TrueSight Ventures, Pioneer Fund, Venture Together, Cocoa Ventures partner Carmen Alfonso Rico, and Matteo Franceschetti, founder of sleep fitness technology startup Eightsleep.
The company intends to use the funds to expand its team and accelerate the development and roll-out of its product.
Founded by Mahyad Ghassemibouyaghchi, SigmaOS is a web browser startup that enables Mac users to protect their passwords, with data secured by encryption. The browser also offers collaboration tools within its browser with users who can share their workspaces with colleagues, and friends.
After being selected to join renowned accelerator Y Combinator, SigmaOS launched in Beta in 2021 and has already begun generating revenue. The startup has acquired tens of thousands of users based in over 100 countries.