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Matillion Announces $100 Million Funding to Deliver on Growing Enterprise Demand for Cloud Data Integration

Latest Funding Led by Lightspeed Venture Partners Accelerates Global Adoption of Leading Platform, Empowering Modern Data Teams to Deliver Analytics-Ready Data

Matillion, the leading cloud data integration platform, announced $100M in Series D funding, led by Lightspeed Venture Partners with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK Branch. The funding will fuel the company’s growth, as it meets exploding demand for cloud data integration for global enterprise organizations such as Amazon, Siemens, Subway, Novartis, Slack, and Accenture.

Matillion solves a key challenge for the enterprise, helping them overcome the struggle to capture and innovate with data to quickly unlock the insights they need. A recent MarketPulse survey by IDG and Matillion found data teams spend nearly half their time preparing data for analytics. Matillion’s cloud-native platform enables enterprise organizations to transform raw data into the refined, analytics-ready data required to support business intelligence, visualization, artificial intelligence and machine learning. The company’s data integration platform accelerates time to value with cloud data platforms, such as Snowflake, Amazon Redshift, and Databricks, by delivering powerful and easy-to-use low-code/no-code solutions for a wide range of data professionals.

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“Modern data teams are facing an influx of data from across the enterprise, while under immense pressure to rapidly deliver the actionable insights required to compete in today’s digital economy,” said Matthew Scullion, CEO of Matillion. “Simply put, Matillion makes data useful. Matillion accelerates the value of today’s cloud data platforms, ensuring that data teams can work smarter and faster. We look forward to our next phase of growth, as we empower more enterprise customers with efficient, affordable and flexible solutions that turn data into their most strategic asset.”

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Matillion’s low-code and no-code platforms allow for the democratization of data innovation inside hundreds of mid-to large-size enterprises across the globe. Matillion has increased productivity and improved time-to-insights for its customers:

  • Cisco Cloud Security saw an 84% reduction in ETL application spend
  • Slack reduced the time needed to create critical revenue metrics from up to 6 hours to just 30 minutes, using Matillion ETL and Snowflake
  • DocuSign reduced the time required for long-running jobs from over 22 hours to just 6 hours
  • Uberflip reduced data prep from five weeks to one day, achieving near real-time product data analysis with Matillion ETL for Snowflake

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“The public cloud market provides enterprises with an enormous opportunity to make data-driven decisions through near-instant access to insights. Snowflake’s Data Cloud and Matillion’s platform are trusted to support enterprises in cloud modernization projects that enable data innovation and unlock data access,” said Colleen Kapase, VP of Worldwide Partners and Alliance at Snowflake. “Matillion is a key component of the modern cloud data tech stack, helping businesses to quickly load and transform their data using the full power of elastic cloud compute.”

“Matillion has emerged as a preferred choice for enterprise cloud ETL and ELT solutions. While legacy providers are failing in a cloud-first world, Matillion has accelerated the broader enterprise cloud migration trend and redefined the standard for modern data integration and transformation,” said Rytis Vitkauskas, Partner at Lightspeed. “Today, for every five dollars spent on cloud warehousing, companies also spend on average a dollar on cloud-first ETL, creating what effectively is a new $10B+ market. We’re proud to lead Matillion’s Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises.”

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