Cloud data integrator Matillion has secured $35 million in new venture capital funding, according to a press release. The Series C round brings the UK and Colorado-based company’s total earned to $60 million since its founding in 2011. The injection will enable the company to extend the capabilities present in Matillion ETL, its flagship software tool. The round will also provide the flexibility for expanding outside of its cloud data warehouse product portfolio 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.
Matillion touts more than 550 customers across the globe, including companies like Bose, GE, Siemens, Fox and Accenture. It has sustained triple-digit revenue growth for three-straight years as well. This C round can be seen as a culmination of those accomplishments. Led by Battery Ventures, the funding also includes existing investors like Sapphire Ventures and Scale Venture.
In a statement regarding the news, the company’s CEO Matthew Scullion told Solutions Review: “The pace at which enterprises want and need to innovate with data is accelerating. Much of this innovation is happening in the cloud, which alone offers a practical solution to deal with the required velocity and scale as businesses compete with data – be it in the way they understand and better service their customers, develop product or streamline their business processes. This is the trend driving demand for Matillion’s software, which leads in data transformation for cloud data warehouses as the only full featured data transformation product purpose built for the cloud.”
Learn more about Matillion and its plans for the future, as well as how it will use the new funding to invest in engineering in the company’s blog (authored by Scullion).
Latest posts by Timothy King (see all)
- A Two-Part Solution to the Data Integration Challenge of ETL - June 18, 2019
- Tamr Adds Data Mastering Workflows to Unify Spring 2019 - June 13, 2019
- Trifacta Unveils Industry’s First Snowflake Cloud Data Preparation Tool - June 5, 2019