Matillion has become Manchester鈥檚 latest unicorn after raising 拢108 million in Series E funding.
The cloud data integration platform fuels cloud analytics, artificial intelligence and machine learning in large global enterprises.
The round was led by General Atlantic with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners.聽
It is Matillion鈥檚 second triple-digit round of 2021, bringing the total amount raised to $310m at a valuation of $1.5 billion.
Matillion unlocks the data supply chain, allowing enterprise data teams to work together to source, enrich and share data which may be coming in from more than 1,000 sources.聽
鈥淓nterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation,鈥� said CEO Matthew Scullion.聽
鈥淲ith Matillion, large organisations are empowered with a data operating system that is purpose-built for the enterprise, enabling a broad spectrum of data users – from data scientists and engineers to marketers and business analysts – to make data useful.鈥�
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Hundreds of large enterprises including Western Union, FOX, Sony, Slack, National Grid, Peet鈥檚 Coffee and Cisco use Matillion鈥檚 cloud-native, low-code solutions to transform raw data into an analytics-ready asset, ready to power business intelligence, visualisation, artificial intelligence, and machine learning projects.
鈥淎s organisations look for ways to harness data to make better business decisions, the market for cloud data integration and transformation is expanding,鈥� said Chris Caulkin, managing director and head of technology for EMEA at General Atlantic.聽
鈥淲e believe that Matillion鈥檚 low-code ETL platform simplifies the process of constructing data pipelines and preparing data for analysis, enabling citizen data scientists and data engineers alike to play a valuable role in extracting data-based insights.聽
鈥淲e look forward to supporting the team through its next phase of growth and expansion.鈥�