Manchester-based Matillion has drawn in $20m in Series B funding from two prominent Silicon Valley-based investors.
Sapphire Ventures, the lead investor, participated alongside fellow Valley VC Scale Venture Partners.
YFM Equity Partners, a UK-based VC trust, which had previously backed the company, also took part.
The firm says the money will help expand its sales, marketing, partnerships and R&D teams.
Now with more than $26m in funding under its belt, Matillion will continue to build its cloud data integration tools.
“The thousands of new projects and workloads this creates is in turn driving rapidly increasing demand for our built-for-the-Cloud, ETL architecture, data integration tools, as companies want and need to compete with data, quickly and at any scale,” said Matthew Scullion, the chief executive officer said.
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“This round of funding is an exciting opportunity for us to work with the fantastic teams at Sapphire Ventures and Scale Ventures Partners to meet the needs of our customers and partners as well as further accelerate the pace of innovation going into our products,” he added.
As a result of the round, Andreas Weiskam, managing director at Sapphire Ventures; and Andy Vitus, partner at Scale Ventures Partners, will join the firm’s board of directors.
“Matillion offers a truly differentiated product in a fast-emerging new category. Cloud-based data integration is being adopted by SMBs and large enterprises alike, constituting a large market,” said Weiskam, adding: “Matillion is well positioned to grasp this opportunity with a unique product set that is easy to adopt and has an intuitive UI and attractive usage-based pricing model. We are excited to work with Matthew and the Matillion team, to help them take the next steps in hiring, scaling and growing their US presence.”
“With the massive secular shift in data warehousing technology, the ability to connect various data sources to a central cloud repository is business critical and this is exactly the problem Matillion is solving,” continued Vitus.
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“Matillion’s cloud-native ETL tools makes loading and transforming data in the cloud data warehouse fast, easy and affordable, setting them up to be the leader in the space.”
Matillion, based in Altrincham and New York was founded by Scullion in 2011, alongside CTO Ed Thompson and commercial director Peter McCord.
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