Data transformation software provider Matillion has announced a听拢72 million听round听of funding.听
Matillion, which was founded outside Manchester in 2013,听says it听is听meeting exploding demand for cloud data integration for global enterprises including听Amazon, Siemens, Subway, Novartis, Slack and Accenture.听
Lightspeed Venture Partners led the Series D round with participation from Battery Ventures, Sapphire Ventures and Scale Venture Partners,听with financing from Silicon Valley Bank in the UK.听
Matillion听says the investment will听accelerate global adoption of its听cloud-based product which听enables听organisations to transform raw data into听refined, analytics-ready data听to听support business intelligence, visualisation, artificial intelligence and machine learning.听听
Its听data integration platform听works with听Snowflake, Amazon Redshift and Databricks, delivering powerful low-code听or听no-code solutions for a wide range of data professionals听within hundreds of companies around the world.听
Today, Matillion has more than 170 employees working between dual headquarters in Denver and听Altrincham, with offices in New York and Seattle.听
鈥淢odern data teams are facing an influx of data from across the enterprise, while under immense pressure to rapidly deliver the actionable insights required to compete in today鈥檚 digital economy,鈥� said CEO Matthew Scullion.听听
鈥淪imply put, Matillion makes data useful. Matillion accelerates the value of today鈥檚 cloud data platforms, ensuring that data teams can work smarter and faster.听听
鈥淲e look forward to our next phase of growth, as we empower more enterprise customers with efficient, affordable and flexible solutions that turn data into their most strategic asset.鈥�听
In recent months, Matillion has appointed a chief customer officer, Shannah Van Winkle, a chief product officer, Ciaran Dynes, a CFO in Kenneth听Paqvalen听and CRO in听Barrett Foster.听
Rytis Vitkauskas, partner at Lightspeed, said:听鈥淢atillion has emerged as a preferred choice for enterprise cloud ETL and ELT solutions.听听
鈥淲hile legacy providers are failing in a cloud-first world, Matillion has accelerated the broader enterprise cloud migration trend and redefined the standard for modern data integration and transformation.听
鈥淲e鈥檙e proud to lead Matillion鈥檚 Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises.鈥�听