Matillion Raises $100 Million in Series D Funding After Banner 2020
Matillion has announced $100 million in Series D funding according to a press release on the company’s website. The round, which was led by Lightspeed Venture Partners with participation from existing investors, brings Matillion’s total capital raised to more than $160 million since its founding in 2011. The funding will enable Matillion to meet the demand for its cloud data integration products. The news comes on the heels of the company’s release of Matillion Exchange ETL marketplace from July.
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.
2020 was a banner year for Matillion as the company was prominently named to major industry analyst reports by Gartner, Inc. and TrustRadius. Matillion also used 2020 to increase investment in its enterprise product engineering and extend support for the Snowflake user community with new products and services. The vendor has made several high-profile executive additions in recent months as well.
In a media statement on the news, Matillion CEO Matthew Scullion said “Simply put, Matilion 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.”
Read Matillion Announces $100M Series D Funding Round in the company’s blog to learn more.