Cloud data integrator Matillion has attracted $35 million in Series C funding to bring its total to $60 million since the company was founded in 2011. Matillion said it would use the new funds to extend the capabilities of its software products.
“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,” said Matillion CEO Matthew Scullion in an interview with VentureBeat.
Timothy King tells us more about Matillion in this article published in Solutions Review:
Matillion offers data integration software for cloud data warehouses, and was designed for Amazon Redshift, Snowflake, and Google BigQuery. The product works by allowing users to consolidate large data sets and quickly perform data transformations. It features expert technical support as well, all by Matillion solution architects and comes free of charge. Full support is offered throughout the customer lifecycle, including trial and complex use case development.
Matillion touts more than 550 customers across the globe, including companies like Bose, GE, Siemens, Fox and Accenture. It has sustained triple-digit revenue growth for three-straight years as well. This C round can be seen as a culmination of those accomplishments. Led by Battery Ventures, the funding also includes existing investors like Sapphire Ventures and Scale Venture.
In a statement regarding the news, the company’s CEO Matthew Scullion told Solutions Review: “The pace at which enterprises want and need to innovate with data is accelerating. Much of this innovation is happening in the cloud, which alone offers a practical solution to deal with the required velocity and scale as businesses compete with data – be it in the way they understand and better service their customers, develop product or streamline their business processes. This is the trend driving demand for Matillion’s software, which leads in data transformation for cloud data warehouses as the only full featured data transformation product purpose built for the cloud.”