Matillion 100m Venture Partners O’Brien VentureBeat
Matillion, a leading provider of cloud data integration software, recently announced that it has secured $100 million in a Series D funding round led by O’Brien Capital, a venture capital firm based in San Francisco. The funding round also saw participation from a number of other investors, including Battery Ventures, Sapphire Ventures, and Scale Venture Partners.
The funding will be used to help Matillion expand its global footprint and further develop its cloud-native platform. This is particularly exciting news for the company as it has experienced impressive growth in recent years, with its revenue more than doubling in 2020.
According to Matthew Scullion
CEO of Matillion, the company plans to use the funding to further invest in its product and technology, as well as expand its global team to better serve its growing customer base. In a press release, Scullion said, “Our rapid growth has been driven by the explosion of data in the cloud and the need for enterprises to gain insights and competitive advantage from it.
Matillion 100m Venture Partners O’Brien VentureBeat
Matillion’s cloud-native platform is designed to make it easy for businesses to integrate and transform data from a wide range of sources into cloud data warehouses. This allows organizations to quickly and easily gain insights from their data and make better-informed decisions.
The company’s platform is particularly popular among organizations that are moving their data and applications to the cloud. This includes businesses in a range of industries, including finance, healthcare, retail, and e-commerce.
This latest funding round brings Matillion’s total funding raised to $160 million and will be used to accelerate the company’s growth in the cloud data integration market.
Matillion’s software is used by over 1,500 companies, including Bose, GE, and Siemens, to connect and transform data from various sources in order to make more informed business decisions.
In a press release announcing the funding round, Matthew Scullion, CEO of Matillion, said: “We are thrilled to have O’Brien Capital and our existing investors supporting our continued growth and innovation. This new capital will enable us to accelerate our global expansion, drive continued investment in our leading cloud-native platform, and support our customers in unlocking the potential of their data to drive business value.”
The funding round comes at an exciting time for Matillion, as the company is poised for even more growth in the coming years. With a strong focus on cloud data integration and transformation, Matillion is well-positioned to help businesses navigate the complex world of data analytics and gain insights from their data.
Overall
The $100 million funding round is a testament to Matillion’s innovative approach to cloud data integration and transformation. As the company continues to grow and expand, it will be exciting to see how it continues to help organizations make the most of their data.
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