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Matillion attained the unicorn status with a $150M Series E funding from General Atlantic at a valuation of $1.5B. The funding came on the heels of accelerated growth and Matillion’s Series D funding in 2021
Matillion, a cloud data integration platform provider, attained unicorn status, raising $150 million in a Series E funding round led by General Atlantic at a valuation of $1.5 billion, a press release from Matillion said.
The Series D funding for Matillion came in 2021, where it netted £72.2 million ($99.89 million approximately). With the close of this round, Matillion’s total funding raised to date touches $310 million. Battery Ventures, Sapphire Ventures, Scale Venture Partners and Lightspeed Venture Partners, participated in the Series E round.
Matillion, founded in 2011, provides cloud-native data integration and transformation platform for modern enterprise data teams. It unlocks the data supply chain, accelerating time to value by delivering a data operating system that integrates and manages data. Enterprise data teams could work together to source, enrich and share data and enable rapid data-led decision-making.
Matthew Scullion, CEO of Matillion, stated that enterprises had to effectively close information gaps by transforming operational data into analytics-ready datasets and added,
“With Matillion, large organizations are empowered with a data operating system that is purpose-built for the enterprise, enabling a broad spectrum of data users — from data scientists and engineers to marketers and business analysts — to make data useful.”
Matillion stated that it witnessed accelerated growth in 2021 after its Series D. Matillion’s low-code and no-code tools are used by large enterprises like Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee and Cisco. Chris Caulkin, managing director and head of technology for EMEA at General Atlantic, opined that as organizations scout ways to harness data for informed decision making, the market for cloud data integration and transformation is expanding.
“We believe that Matillion’s low-code ETL platform simplifies the process of constructing data pipelines and preparing data for analysis, enabling citizen data scientists and data engineers alike to play a valuable role in extracting data-based insights. We look forward to supporting the team through its next phase of growth and expansion,” Chris added.