Matillion has raised $35m in its latest round of funding which hopes to allow for accelerated growth and extend the capabilities of its flagship product line, Matillion ETL.
The provider of data transformation software for cloud data warehouses’ latest funding round was led by Battery Ventures and brings its total funding-to-date to $60m.
The company delivered triple-digit growth in 2018 for the third consecutive year, with its latest investment hoping to accelerate the company’s expansion both within and well beyond its native-built solutions for cloud data warehouses.
Matthew Scullion, CEO at Matillion, said: “It’s our view that every company in the world needs to compete using data and most of the time they’ll do this in the cloud.
“Only the cloud offers the speed, agility, power, and economics to cope with this demand for data insights, and to manage the exponentially growing data volumes and complexities that we work with today.”
“As the leader in purpose-built data transformation software for cloud data warehouses, Matillion is perfectly positioned to help our customers compete and win using data.
Idinvest Partners announces €350m digital fund
“That’s why we’re so excited to raise this round, partner with the great team at Battery Ventures, and to once again accelerate our business and the development of our current and future products.”
Existing investors Sapphire Ventures and Scale Venture Partners also participated in the round.
Dharmesh Thakker, General Partner at Battery Ventures, added: “Matillion has built an innovative, cloud-native, data-middleware product from the ground up, and the company partners with some of the fastest-growing cloud-data warehousing platforms that enterprises are deploying today.
“Battery is focused on such cloud-first businesses worldwide – including in Europe – as enterprise IT shifts to the cloud, and the ability to analyze data underpins the digital-transformation process at all companies.
£4m boost announced for 5G research in Wales
“We’re excited to partner with Matthew and the Matillion team to help drive the next phase of the company’s global growth.”
Matillion’s software allows customers to extract data from a wide number of sources, load it into their chosen cloud data warehouse and transform the data into analytics-ready data.
Matillion’s software is used by more than 550 customers across 40 countries, including global companies like Bose, GE, Siemens, Fox and Accenture.