Matillion secures £108.5m Series E funding from General Atlantic to expand its data platform.
General Atlantic led the Series E financing round to support the company growth.
Matillion provides data productivity software that helps enterprises load, transform, and orchestrate data for analytics and artificial intelligence. Thousands of organisations rely on its platform to accelerate time to value from cloud data.
Matillion has secured £108.5m in Series E funding in a round led by General Atlantic. The capital will support the company as it continues to scale its cloud data integration platform for global enterprises. Additional participation in the round came from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners. The transaction brings Matillion to a valuation of £1.5bn following a period of accelerated growth in 2021.
From the founder
"Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation,"
Matthew Scullion
CEO and Co-founder at Matillion
Investor perspective
"As organizations look for ways to harness data to make better business decisions, the market for cloud data integration and transformation is expanding,"
Chris Caulkin
Managing Director and Head of Technology for EMEA, General Atlantic
Investors
Chris Caulkin
General Atlantic
Battery Ventures
Sapphire Ventures
Scale Venture Partners
Lightspeed Venture Partners
Categories
About the company
Matillion
Matillion offers a data productivity platform designed to prepare cloud data for analytics and artificial intelligence.