Big Data Software Developer Matillion Raises $35M In Funding, Plans Accelerated Development

Expanded channel operations are also on tap for the supplier of cloud ETL technology as the cloud data warehouse market shifts into high gear.

Matillion, a fast-growing developer of data transformation software for cloud data warehouses, has raised $35 million in a Series C round of venture financing.

The Manchester, U.K.-based company will primarily use the funds to accelerate product development, as well as scale the company's customer support operations and its partner program, especially in the U.S., said CEO Matthew Scullion in an interview with CRN.

"Partnering is a big part of our go-to-market and has been a big part of our success," Scullion said.

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Matillion is one of a new generation of data ETL (extract, transform and load) software tools used to pull data from on-premise and cloud systems, such as ERP and CRM applications, and move it into cloud data warehouse systems such as Snowflake Computing, Amazon Web Services Redshift and Google Big Query for analytical and machine learning tasks.

The company competes with other ETL startups, such as Alooma and Xplenty, and established players such as Informatica and Talend. Attunity, another vendor in this space, was recently acquired by business analytics software developer Qlik. And some of the cloud vendors provide their own ETL products such as AWS Glue.

Matillion said that in 2018 it recorded triple-digit growth for the third consecutive year. The company's software is being bought and installed both for new data warehouse projects and for upgrading legacy data warehouse systems, Scullion said.

The company has 550 customers, including General Electric and Siemens, in 40 countries and has its U.S. headquarters in Denver with offices in New York and Seattle.

Matillion has alliances with AWS, Snowflake and Google and partners with solution providers such as Slalom, systems integrators such as Accenture and Capgemini, consulting service providers like Interworks and MSPs such as SHI.

The company has been expanding its partner alliance team over the past year and Scullion said announcements about its partner program are forthcoming shortly.

The latest funding round brings the company's total financing to $60 million. The latest round was led by Battery Ventures with participation by existing investors Sapphire Ventures and Scale Venture.

The CEO said that with the new funding Matillion will double the size of the engineering team, allowing the company to accelerate development of new features, improvements and system connectors that customers have requested. The company also will continue to improve the software's performance and scalability and add features and capabilities to help customers use the software in more complex, larger scale environments.