Data transformation software provider Matillion has announced a £72 million round of funding.
Matillion, which was founded outside Manchester in 2013, says it is meeting exploding demand for cloud data integration for global enterprises including Amazon, Siemens, Subway, Novartis, Slack and Accenture.
Lightspeed Venture Partners led the Series D round with participation from Battery Ventures, Sapphire Ventures and Scale Venture Partners, with financing from Silicon Valley Bank in the UK.
Matillion says the investment will accelerate global adoption of its cloud-based product which enables organisations to transform raw data into refined, analytics-ready data to support business intelligence, visualisation, artificial intelligence and machine learning.
Its data integration platform works with Snowflake, Amazon Redshift and Databricks, delivering powerful low-code or no-code solutions for a wide range of data professionals within hundreds of companies around the world.
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Today, Matillion has more than 170 employees working between dual headquarters in Denver and Altrincham, with offices in New York and Seattle.
“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 CEO Matthew Scullion.
“Simply put, Matillion 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.”
In recent months, Matillion has appointed a chief customer officer, Shannah Van Winkle, a chief product officer, Ciaran Dynes, a CFO in Kenneth Paqvalen and CRO in Barrett Foster.
Rytis Vitkauskas, partner at Lightspeed, said: “Matillion has emerged as a preferred choice for enterprise cloud ETL and ELT solutions.
“While legacy providers are failing in a cloud-first world, Matillion has accelerated the broader enterprise cloud migration trend and redefined the standard for modern data integration and transformation.
“We’re proud to lead Matillion’s Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises.”