{"id":5082,"date":"2021-02-17T08:24:54","date_gmt":"2021-02-17T08:24:54","guid":{"rendered":"https:\/\/techclot.com\/index.php\/2021\/02\/17\/data-firm-eyeing-further-growth-following-100m-funding-deal\/"},"modified":"2021-02-17T08:24:54","modified_gmt":"2021-02-17T08:24:54","slug":"data-firm-eyeing-further-growth-following-100m-funding-deal","status":"publish","type":"post","link":"https:\/\/techclot.com\/index.php\/2021\/02\/17\/data-firm-eyeing-further-growth-following-100m-funding-deal\/","title":{"rendered":"Data firm eyeing further growth following $100m funding deal"},"content":{"rendered":"

Data firm eyeing further growth following $100m funding deal<\/a><\/p>\n

<\/div>\n

Altrincham cloud company, Matillion, has achieved $100m in Series D funding led by Lightspeed Venture Partners, the American venture capital firm focused on early stage investments in the enterprise technology and consumer space.<\/p>\n

The funding also involved participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK branch.<\/p>\n

The injection will fuel the company\u2019s growth as it meets exploding demand for cloud data integration for global enterprise organisations such as Amazon, Siemens, Subway, Novartis, Slack, and Accenture.<\/p>\n

Matillion, which also has a presence at Bruntwood Works\u2019 Blackfriars House in Manchester, specialises in data transformation software for cloud data warehouses.<\/p>\n

Last December it featured in the inaugural Mills & Reeve Top Tech: North West, in collaboration with TheBusinessDesk.com, which recognised the region\u2019s most pioneering and innovative technology companies.<\/p>\n

A recent survey by IDG and Matillion found data teams spend nearly half their time preparing data for analytics.<\/p>\n

\n

Related Articles<\/h3>\n
    \n
  1. <\/li>\n
  2. <\/li>\n<\/ol>\n<\/div>\n

    Matillion\u2019s cloud-native platform enables enterprise organisations to transform raw data into the refined, analytics-ready data required to support business intelligence, visualisation, artificial intelligence and machine learning.<\/p>\n

    Chief executive, Matthew Scullion, said: \u201cWe 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.\u201d<\/p>\n

    Rytis Vitkauskas, partner at Lightspeed, said: \u201cWhile 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.<\/p>\n

    \u201cWe\u2019re proud to lead Matillion\u2019s Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises.\u201d<\/p>\n

    In June, 2019, Matillion completed a \u00a327m round of funding, led by Battery Ventures, taking the firm\u2019s total funding at the time to \u00a347m. Existing investors, Sapphire Ventures and Scale Venture Partners also participated.<\/p>\n

    That followed a deal in March 2018, when Matillion raised $20m in Series B funding led by Silicon Valley investors Sapphire Ventures and Scale Venture Partners.<\/p>\n

    \n
    \n
    \n

    Previous Article<\/p>\n<\/p><\/div>\n<\/div>\n

    \n
    \n

    Next Article<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n

    Published at Wed, 17 Feb 2021 06:00:00 +0000<\/p>\n

    Data firm eyeing further growth following $100m funding deal<\/a><\/p>\n

    <\/div>\n

    Altrincham cloud company, Matillion, has achieved $100m in Series D funding led by Lightspeed Venture Partners, the American venture capital firm focused on early stage investments in the enterprise technology and consumer space.<\/p>\n

    The funding also involved participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK branch.<\/p>\n

    The injection will fuel the company\u2019s growth as it meets exploding demand for cloud data integration for global enterprise organisations such as Amazon, Siemens, Subway, Novartis, Slack, and Accenture.<\/p>\n

    Matillion, which also has a presence at Bruntwood Works\u2019 Blackfriars House in Manchester, specialises in data transformation software for cloud data warehouses.<\/p>\n

    Last December it featured in the inaugural Mills & Reeve Top Tech: North West, in collaboration with TheBusinessDesk.com, which recognised the region\u2019s most pioneering and innovative technology companies.<\/p>\n

    A recent survey by IDG and Matillion found data teams spend nearly half their time preparing data for analytics.<\/p>\n

    \n

    Related Articles<\/h3>\n
      \n
    1. <\/li>\n
    2. <\/li>\n<\/ol>\n<\/div>\n

      Matillion\u2019s cloud-native platform enables enterprise organisations to transform raw data into the refined, analytics-ready data required to support business intelligence, visualisation, artificial intelligence and machine learning.<\/p>\n

      Chief executive, Matthew Scullion, said: \u201cWe 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.\u201d<\/p>\n

      Rytis Vitkauskas, partner at Lightspeed, said: \u201cWhile 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.<\/p>\n

      \u201cWe\u2019re proud to lead Matillion\u2019s Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises.\u201d<\/p>\n

      In June, 2019, Matillion completed a \u00a327m round of funding, led by Battery Ventures, taking the firm\u2019s total funding at the time to \u00a347m. Existing investors, Sapphire Ventures and Scale Venture Partners also participated.<\/p>\n

      That followed a deal in March 2018, when Matillion raised $20m in Series B funding led by Silicon Valley investors Sapphire Ventures and Scale Venture Partners.<\/p>\n

      \n
      \n
      \n

      Previous Article<\/p>\n<\/p><\/div>\n<\/div>\n

      \n
      \n

      Next Article<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n

      Published at Wed, 17 Feb 2021 06:00:00 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"

      Data firm eyeing further growth following $100m funding deal Altrincham cloud company, Matillion, has achieved…<\/p>\n","protected":false},"author":3,"featured_media":5081,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/techclot.com\/wp-content\/uploads\/2021\/02\/yYJheX.jpg?fit=1290%2C860&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3orZX-1jY","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts\/5082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/comments?post=5082"}],"version-history":[{"count":0,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts\/5082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/media\/5081"}],"wp:attachment":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/media?parent=5082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/categories?post=5082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/tags?post=5082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}