Matillion secures £27.5m in a Series C funding round led by Battery Ventures to fuel expansion and product development.
Battery Ventures led the Series C financing round, which brings total funding to £60m.
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 £27.5m in a Series C funding round led by Battery Ventures. Existing backers Sapphire Ventures and Scale Venture Partners also contributed to the raise.
The new capital will support the company as it scales operations and accelerates the development of its product offerings. This latest injection follows a period of strong revenue growth and rising demand for cloud data solutions.
Battery Ventures joins the company as part of this investment round, bringing Matillion's total funding to date to £60m. The firm continues to expand its footprint internationally from its dual headquarters in the UK and the United States.
From the founder
"It’s our view that every company in the world needsto compete using data,"
Matthew Scullion
CEO and Co-founder at Matillion
Investor perspective
"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,"
Dharmesh Thakker
General Partner, Battery Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Matillion
Matillion offers a data productivity platform designed to prepare cloud data for analytics and artificial intelligence.