Matillion, providers of a cloud data integration platform, is receiving $100 million in Series D funding, enabling the company to continue growing to meet the exploding demand for cloud data integration for global enterprise organizations such as Amazon, Siemens, Subway, Novartis, Slack, and Accenture.
The funding round was led by Lightspeed Venture Partners with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK Branch.
“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, 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.”
Matillion solves a key challenge for the enterprise, helping them overcome the struggle to capture and innovate with data to quickly unlock the insights they need.
Matillion’s cloud-native platform enables enterprise organizations to transform raw data into the refined, analytics-ready data required to support business intelligence, visualization, artificial intelligence, and machine learning.
The company’s data integration platform accelerates time to value with cloud data platforms, such as Snowflake, Amazon Redshift, and Databricks, by delivering powerful and easy-to-use low-code/no-code solutions for a wide range of data professionals.
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.
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.
For more information about this news, visit www.matillion.com.