Manchester-headquartered data productivity company Matillion has been backed with strategic investment from US giant Databricks.
Databricks Ventures has invested an undisclosed amount into the scaleup led by co-founder Matthew Scullion which has a heavy presence on the West Coast of the United States.
In its last financial year Matillion more than doubled its workforce to 449 people, with turnover rising from $29.9 million to $57.2m. Pre-tax losses widened from $11.8m to $31.6m.
“To unleash the full potential of their cloud data, teams need to achieve new levels of productivity with their data using open, scalable technology,” said CEO Scullion.
“With Matillion and Databricks, data teams can feel empowered to work quickly and flexibly to deliver data to the business.
“This investment from Databricks will support Matillion’s current and future technical integrations into the lakehouse and bring more data productivity to our shared customers.”
Thousands of enterprises including Cisco, DocuSign, Pacific Life, Slack, Tui, THG, Ikea, Amazon and Siemens use Matillion’s tech stack to load, transform, sync and orchestrate their data into platforms such as Databricks. It can then be analysed for use in data science, machine learning and AI.
The companies share a rapidly expanding joint customer base with a notable concentration in biosciences, healthcare and energy.
“We welcome Matillion to the Databricks Ventures portfolio and look forward to deepening our partnership with their team,” said Andrew Ferguson, VP, corporate development & ventures, Databricks.
“Matillion’s code-optional data ingestion and transformation capabilities are purpose built for Databricks and allow our joint customers to quickly build data pipelines and seamlessly collaborate on the Databricks lakehouse platform.”