Matillion announced $150 million dollars in Series E funding today, the company’s second capital injection of more than $100 million since February. Matillion nows touts a valuation of $1.5 billion and a total funding amount earned of $310 million. Like its early 2021 funding, the raise will enable Matillion to meet the demand for its cloud data integration products in the future.
Matillion offers data integration software for cloud data warehouses, and was designed for Amazon Redshift, Snowflake, and Google BigQuery. The product works by allowing users to consolidate large data sets and quickly perform data transformations. It features expert technical support as well, all by Matillion solution architects and comes free of charge. Full support is offered throughout the customer lifecycle, including trial and complex use case development.
Led by growth equity firm General Atlantic, this Matillion funding round also featured participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners. Some of the company’s most notable customers include Western Union, FOX, Sony, Slack, National Grid, and Cisco.
In a media statement on the news, Matillion’s CEO Matthew Scullion said: “Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation. With Matillion, large organizations 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.”
Read Building the Ultimate Data Operating SYstem: What Matillion’s $150 Million Series E Fundraising Round Means for the Future of Data in the company’s blog to learn more.
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