Matillion, the leading cloud data integration platform, announced $100M in Series D funding led by Lightspeed Venture Partners. Other investors that took part in the current funding round include Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK Branch.
The startup will use the funding to fuel the company’s growth, as it meets exploding demand for cloud data integration for global enterprise organizations such as Amazon, Siemens, Subway, Novartis, Slack, and Accenture, the statement said.
“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.”
Matillion’s low-code and no-code platforms allow for the democratization of data innovation inside hundreds of mid-to large-size enterprises across the globe.
“The public cloud market provides enterprises with an enormous opportunity to make data-driven decisions through near-instant access to insights. Snowflake’s Data Cloud and Matillion’s platform are trusted to support enterprises in cloud modernization projects that enable data innovation and unlock data access,” said Colleen Kapase, VP of Worldwide Partners and Alliance at Snowflake. “Matillion is a key component of the modern cloud data tech stack, helping businesses to quickly load and transform their data using the full power of elastic cloud compute.”
“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, Partner at Lightspeed. “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 $10B+ market. We’re proud to lead Matillion’s Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises.”
Matillion was recognized in the 2020 Gartner Magic Quadrant for Data Integration Tools and named a Top Rated Data Integration Tool in 2020 for the second year in a row by TrustRadius, based on unbiased customers’ user satisfaction scores. In 2020, it increased the investment in enterprise product and engineering, extended support for the Snowflake user community with Matillion ETL and Matillion Data Loader on Partner Connect, and launched Matillion ETL for Azure Synapse, and Matillion ETL for Databricks.
In recent months, the company has continued to expand its executive team with the addition of key customer-focused roles including Chief Customer Officer Shannah Van Winkle, and Chief Product Officer Ciaran Dynes as well as Chief Financial Officer Kenneth Paqvalen and Chief Revenue Officer Barrett Foster.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.