Matillion has become Manchester’s latest unicorn after raising £108 million in Series E funding.
The cloud data integration platform fuels cloud analytics, artificial intelligence and machine learning in large global enterprises.
The round was led by General Atlantic with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners.
It is Matillion’s second triple-digit round of 2021, bringing the total amount raised to $310m at a valuation of $1.5 billion.
Matillion unlocks the data supply chain, allowing enterprise data teams to work together to source, enrich and share data which may be coming in from more than 1,000 sources.
“Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation,” said CEO Matthew Scullion.
“With Matillion, large organisations are empowered with a data operating system that is purpose-built for the enterprise, enabling a broad spectrum of data users – from data scientists and engineers to marketers and business analysts – to make data useful.”
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Hundreds of large enterprises including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco use Matillion’s cloud-native, low-code solutions to transform raw data into an analytics-ready asset, ready to power business intelligence, visualisation, artificial intelligence, and machine learning projects.
“As organisations look for ways to harness data to make better business decisions, the market for cloud data integration and transformation is expanding,” said Chris Caulkin, managing director and head of technology for EMEA at General Atlantic.
“We believe that Matillion’s low-code ETL platform simplifies the process of constructing data pipelines and preparing data for analysis, enabling citizen data scientists and data engineers alike to play a valuable role in extracting data-based insights.
“We look forward to supporting the team through its next phase of growth and expansion.”