A Greater Manchester -headquartered cloud company has raised $100m through a funding round led by a US venture capital firm.
Matillion, which also has offices in New York, Denver and Seattle, secured the financial boost from Lightspeed Venture Partners with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK Branch.
The company is headquartered in Altrincham and has worked with the likes of Tui, Travis Perkins, Cisco and Ad Astra.
Chief executive Matthew Scullion said: "Modern data teams are facing an influx of data from across the enterprise, while under immense pressure to rapidly deliver the actionable insights required to compete in today’s digital economy.
"Simply put, Matilion makes data useful. Matillion accelerates the value of today’s cloud data platforms, ensuring that data teams can work smarter and faster.
"We 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."
Rytis Vitkauskas, partner at Lightspeed, added: "Matillion has emerged as a preferred choice for enterprise cloud ETL and ELT solutions.
"While 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.
"Today, for every five dollars spent on cloud warehousing, companies also spend on average a dollar on cloud-first ETL, creating what effectively is a new $10B+ market.
"We’re proud to lead Matillion’s Series D and partner with Matthew and his team as they continue to scale and deliver rapid returns on cloud investments for global enterprises."
