Matillion raises $100mn for cloud data integration

By William Smith
Integrating with cloud data platforms such as Snowflake or Amazon Redshift, the Matillion platform integrates cloud data sources...

Manchester, UK-based Matillion offers a platform that integrates data in the cloud.

The utility of data to any organisation has never been more obvious, but analysing it effectively often requires that data to be properly prepared - an often time consuming process. Integrating with cloud data platforms such as Snowflake or Amazon Redshift, the Matillion platform automates the process of making data ready for uses such as business intelligence or machine learning.

The platform also features low- and no-code solutions to democratise access to data throughout an organisation.

$100mn Series D

Yesterday, the company announced $100mn in Series D funding, led by Lightspeed Venture Partners, alongside Battery Ventures, Sapphire Ventures, Scale Venture Partners and Silicon Valley Bank UK. Since its foundation in 2011, the company has raised over $160mn across four funding rounds.

"Modern 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's digital economy," said Matthew Scullion, CEO of Matillion. 

"Simply put, Matillion makes data useful. Matillion accelerates the value of today's cloud data platforms, ensuring that data teams can work smarter and faster. We 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."

A booming industry

The company said it would use the funds to meet the growing demand for cloud data integration from the world’s largest companies in particular.

“Matillion has emerged as a preferred choice for enterprise cloud ETL and ELT solutions. While 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," said Rytis Vitkauskas of Lightspeed Venture Partners. "Today, for every five dollars spent on cloud warehousing, companies also spend on average a dollar on cloud-first ETL, creating what effectively is a new $10bn+ market.

Share

Featured Articles

Dell Technologies: Powering Reliable Global Connectivity

Dell Technologies is announcing new solutions to help communications and service providers (CSPs), so that their systems are faster and more flexible

MWC Barcelona 2024: Unveiling the Future of Technology

Technology Magazine is live at MWC Barcelona 2024 this week, where global industry leaders come to reveal cutting-edge innovations in connectivity

Google Gemma: An AI Model Small Enough to Run on a Laptop

Tech giant Google, with Google DeepMind, has launched its latest AI model Gemma which it says achieves best-in-class performance for its size

Why Tech Leaders Should Attend Sustainability LIVE: Net Zero

Digital Transformation

OpenText Report: IT at Forefront of Sustainability Efforts

Digital Transformation

‘Magnificent Seven’ Tech Companies Driving Forward With AI

AI & Machine Learning