Matillion, a provider of data transformation software for cloud data warehouses (CDWs), is recieving $35 million in its latest funding round. The investment will allow Matillion to capitalize on its leading category position while continuing to deliver accelerated growth, and extend the capabilities of its flagship product line, Matillion ETL.
Battery Ventures led the round, bringing Matillion's total funding to-date to $60 million. Existing investors, Sapphire Ventures and Scale Venture Partners also participated.
Continued strong demand for Matillion's data transformation software, purpose-built for the cloud, led the company to deliver triple-digit revenue growth in 2018 for the third consecutive year.
The new investment, based on Matillion's sustained success, accelerates the company's expansion both within and well beyond its native-built solutions for CDWs.
"It's our view that every company in the world needs to compete using data," said Matthew Scullion, CEO at Matillion. "And most of the time they'll do this in the cloud. Only the cloud offers the speed, agility, power, and economics to cope with this demand for data insights, and to manage the exponentially growing data volumes and complexities that we work with today.”
Matillion's software empowers customers to extract data from a wide number of sources, load it into their chosen cloud data warehouse, and transform that data from its siloed source state, into useful, joined together, analytics-ready data - ready to be consumed in analytics, machine learning and artificial intelligence use cases.
Purpose-built for the cloud, Matillion does this at scale, delivering fast time to value, high performance with pay-as-you-drink economics - simplicity, speed, scale, and savings.
Matillion's software is used by more than 550 customers across 40 countries, including global companies like Bose, GE, Siemens, Fox and Accenture, as well as high growth, data-centric companies like Vistaprint, Splunk, and Zapier.
For more information about this news, visit www.matillion.com.