Manchester-based Matillion, an integration platform for cloud data warehouses, announced that it has raised $150M (approx €127.43M) in its Series E round of funding.
The company has now raised a total of $310M (approx €263.37M) in funding and has reached unicorn status with a valuation of $1.5B (approx €1.27B).
A cloud data warehouse uses the space and compute power allocated by a cloud provider to integrate and store data from different data sources for analytical querying and reporting.
The Series E round was led by global growth equity firm General Atlantic. The round also saw participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners.
Speaking on the development, Chris Caulkin, MD and head of technology for EMEA at General Atlantic, says, “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.”
Data transformation for cloud data warehouses
Businesses seeking competitive advantage must harness their data to gain better business insights. And Matillion enables businesses to do just that.
Founded in 2011 by Ed Thompson and Matthew Scullion, the company provides cloud-native data integration and transformation platform optimised for modern enterprise data teams.
The company enables data journeys by extracting, migrating, and transforming data in the cloud to help gain new insights and make better business decisions. It is built on native integrations to cloud data platforms such as Snowflake, Delta Lake on Databricks, Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse.
Scullion says, “Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation. 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.”
Matillion’s solution is used by hundreds of enterprises including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee, and Cisco to transform raw data into an analytics-ready asset, to power business intelligence, visualisation, AI, and ML projects.