Manchester-based data integration company Matillion has raised more than £72 million (over €82.7 million) in Series D funding, UKTN reports. The round was led by Lightspeed Venture Partners and joined by Battery Ventures, Sapphire Ventures, Scale Venture Partners and Silicon Valley Bank Capital.
The Matillion cloud platform extracts and transforms data so that it’s ready to use and accessible from anywhere (with an internet connection).
“There’s a massive market for middleware built for cloud data platforms, and that’s what we do,” says CEO Matthew Scullion. “Specifically, there’s an addressable market worth £2.23 billion for data integration, the growth of which has come from demand for cloud migration, among other factors.”
In a big market with big brand names, the company’s client list is impressive. Enterprises such as Amazon, Siemens, Subway, Novartis, Slack and Accenture have turned to the Matillion to help them manage the data within their organisations.
Now, with a massive new investment, the UK company (which already has several offices across the US, in Austin, Boston, New York City and Colorado) will focus on developing new features for enterprise users.
Photo: CEO Matthew Scullion