Matillion Raises $20 Million
Matillion, a software company that offers purpose-built, native ELT solutions for cloud data platforms, today announced it has closed a $20 million Series B funding round led by Sapphire Ventures. Round participants also included new investor Scale Venture Partners, and the UK-based venture capital trust YFM Equity Partners, an existing investor.
According to the company, Matillion has seen significant commercial traction in the last 12 months, with annual recurring revenue growth more than 260 percent. Matillion’s software is used by more than 250 customers across 30 countries, including global corporates such as GE, Siemens, Citrix and Accenture, as well as high growth, data-centric companies like Vistaprint, Zapier, DocuSign and Upside Travel.
Today’s funding will be used to expand sales, marketing, partnerships and research and development to meet increasing demand and accelerate product development.
