Published: May 19, 2026 at 10:45 am
Matthew Scullion, CEO and founder of Matillion, knows a thing or two about AI.
His business joined an exclusive club of only 41 UK unicorns in 2021 when a $150m Series E funding round took its valuation beyond the magical $1bn mark.
He estimates Matillion has invested ‘many, many tens of millions into Maia’, which is its AI data automation platform.
“This market is crazy and one of the things AI is doing is reducing the barriers to entry to develop software,” he said.
He told The Naked Founder that AI could mean multi-million turnover companies could have only one or two members of staff.
“Established multi ten or hundred million pound companies (will be) disappearing because AI makes their business model irrelevant,” he warned.
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