Matillion, Altringham cloud firm, raises another $35m

Altringham-based Matillion, a provider of data transformation software for cloud data warehouses (CDWs), announced a $35 million round of funding on Tuesday. 

Matillion, dual-headquartered in Altringham and Denver, Colorado, said Battery Ventures led the round, which takes Matillion’s total funding to date to $60 million.

Existing investors Sapphire Ventures and Scale Venture Partners also participated. Matillion also has offices in New York City and Seattle.

Matillion’s software is used by more than 550 customers across 40 countries, including Bose, GE, Siemens, Fox and Accenture.

“It’s our view that every company in the world needs to compete using data,” said Matthew Scullion, CEO at Matillion.

“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.

“As the leader in purpose-built data transformation software for cloud data warehouses, Matillion is perfectly positioned to help our customers compete and win using data.

“That’s why we’re so excited to raise this round, partner with the great team at Battery Ventures, and to once again accelerate our business and the development of our current and future products.”

Dharmesh Thakker, general partner at Battery Ventures, said: “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.

“Battery is focused on such cloud-first businesses worldwide – including in Europe – as enterprise IT shifts to the cloud, and the ability to analyze data underpins the digital-transformation process at all companies.

“We’re excited to partner with Matthew and the Matillion team to help drive the next phase of the company’s global growth.”